Bill > A07958

This bill proposes to amend the New York tax law by creating a new sales and use tax exemption for used books, including secondhand purchases, where the price of each book is less than $100. Currently, sales and use taxes are applied to most book purchases, but this legislation would eliminate the tax for used books below the $100 threshold. The bill, referred to as the "Paid-In Act," aims to reduce the financial burden on consumers buying secondhand books by exempting these items from sales tax collection. The proposed change would be added to Section 1115 of the tax law as a new paragraph, specifically paragraph 47, which outlines the specific conditions of the tax exemption. By setting the price limit at $100 per book, the bill ensures that only more affordable used books will be tax-exempt, potentially making secondhand books more accessible and affordable for consumers. The legislation is set to take effect immediately upon passage.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7958