Bill > A03057

This bill repeals provisions of New York State tax law that previously exempted certain vessels from sales and compensating use taxes. Specifically, it removes subdivision (jj) of section 1115 and subdivision 13 of section 1118 of the tax law, both of which were added in 2015 and provided these exemptions. The repeal means that sales and use taxes will now apply to these vessels, and the change will take effect on January 1st of the year following the bill's enactment, applying to taxable periods starting on or after that date.