Grants an exemption from sales and compensating use tax for the rental of pallets and containers used to transport tangible personal property for resale.
STATE OF NEW YORK
________________________________________________________________________
2737
2013-2014 Regular Sessions
IN ASSEMBLY
January 17, 2013
___________
Introduced by M. of A. COLTON, ENGLEBRIGHT -- Multi-Sponsored by -- M.
of A. COOK, CYMBROWITZ, ZEBROWSKI -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to exempting from sales and
compensating use tax the receipts from the rental of pallets and
containers used to ship goods for resale
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1115 of the tax law is amended by adding a new
2 subdivision (ii) to read as follows:
3 (ii) Receipts from the rental of pallets and containers used to trans-
4 port tangible personal property for resale shall be exempt from the
5 taxes imposed by this article.
6 § 2. This act shall take effect on the first day of the sales tax
7 quarterly period, as designated in subdivision (b) of section 1136 of
8 the tax law, commencing at least 63 days after the date this act shall
9 have become a law and shall apply to rentals accruing on or after such
10 effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05988-01-3
