Bill > S01073

This bill creates a temporary sales tax exemption for goods and services under $110 sold within specific "business zone areas" in New York City that are experiencing construction. The bill defines business zone areas as those businesses located within 100 feet of construction sites in several designated locations, including various stretches of 2nd Avenue, 125th Street, Chrystie Street, Bowery, Worth Street, Water Street, and specific intersections. The tax exemption will last for six months in each designated area, with the exact period of authorized construction to be determined by the tax commissioner. The purpose appears to be providing economic relief to businesses near major construction projects that might experience reduced customer traffic or economic disruption. The exemption applies specifically to goods and services valued at less than $110 in total, and it is designed to help local businesses maintain economic stability during potentially disruptive infrastructure or development work. The bill would take effect immediately upon passage.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1073