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Bill > S04144


NY S04144

NY S04144
Increases the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation.


summary

Introduced
02/03/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to increasing the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation

AI Summary

This bill increases the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation. Specifically, the bill amends the tax law to raise the exemption threshold from $1.50 to $3 for vending machines that accept coin or currency only, and from $2 to $3.50 for vending machines that accept any form of payment other than coin or currency. This change is effective until May 31, 2024.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/03/2024)

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