Bill
Bill > S03427
NY S03427
NY S03427Exempts from compensating use taxes purchases made outside the state and brought into the state to the extent that the value of the purchase does not exceed $2,500.
summary
Introduced
01/31/2023
01/31/2023
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 exempting from compensating use taxes purchases made outside the state and brought into the state
AI Summary
This bill exempts from compensating use taxes purchases made outside the state and brought into the state, to the extent that the value of such purchase does not exceed $2,500. The bill amends the tax law to add this new exemption and specifies that it will take effect immediately and apply to returns filed on and after January 1, 2024.
Committee Categories
Budget and Finance
Sponsors (2)
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/S3427 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03427&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03427 |
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