Bill

Bill > A06467


NY A06467

NY A06467
Increases the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation.


summary

Introduced
03/05/2025
In Committee
03/05/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 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 amends the New York tax law to increase the sale price threshold for food and drink sold in vending machines that are exempt from certain taxation. Currently, food and drinks sold through vending machines are tax-exempt when they cost $1.50 or less for coin/currency-only machines, and $2 or less for machines accepting other payment methods. The bill raises these thresholds to $3 for coin/currency-only machines and $3.50 for machines accepting other payment methods. This change will be in effect until May 31, 2026, providing a temporary expansion of the tax exemption for vending machine purchases. The purpose appears to be to provide some relief to consumers by allowing a broader range of vending machine items to be purchased without additional tax, potentially helping to offset rising food and beverage costs.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

referred to ways and means (on 03/05/2025)

bill text


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