Bill > A03057

This bill proposes to repeal two specific subdivisions related to sales and compensating use taxes on vessels in New York state law. Specifically, the bill eliminates subdivision (jj) of section 1115 and subdivision 13 of section 1118 of the tax law, both of which were originally added in 2015 as part of chapter 59 of the laws of that year. These repealed provisions likely pertained to tax exemptions or specific tax treatment of vessels, though the exact details are not provided in the bill text. The repeal of these subdivisions suggests a change in how sales and use taxes will be applied to vessels in New York, effectively removing previously established tax provisions. The bill is scheduled to take effect on June 1, 2025, giving lawmakers and taxpayers advance notice of the upcoming change in tax law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3057