Bill
Bill > S03124
NY S03124
NY S03124Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.
summary
Introduced
01/27/2023
01/27/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to eliminating state sales and compensating use taxes on motor fuels and diesel motor fuels and authorizing localities to eliminate such taxes at the local level; and providing for the repeal of such provisions upon expiration thereof (Part A); to amend the tax law, in relation to exemptions from sales and use taxes; and providing for the repeal of such provisions upon expiration thereof (Part B); to amend the tax law, in relation to providing a sales tax exemption for housekeeping supplies; and providing for the repeal of such provisions upon expiration thereof (Part C); and to amend the tax law, in relation to providing a sales tax exemption for ready-to-eat foods; and providing for the repeal of such provisions upon expiration thereof (Part D)
AI Summary
This bill:
- Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels, and authorizes localities to eliminate such taxes at the local level.
- Establishes various exemptions from New York's sales and use tax, including for personal care products, housekeeping supplies, and ready-to-eat foods.
- Provides a sales tax exemption for these items, and allows localities to adopt or repeal these exemptions at the local level.
- Requires the Commissioner of Taxation and Finance to implement the provisions of the act, and sets the effective date as the first day of the sales tax quarterly period beginning at least 90 days after the bill becomes law, with the provisions expiring and being deemed repealed two years after the effective date.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S3124 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03124&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03124 |
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