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S03874 Summary:

BILL NOS03874
 
SAME ASSAME AS A03057
 
SPONSORHOYLMAN-SIGAL
 
COSPNSRFAHY, RAMOS
 
MLTSPNSR
 
Rpld §1115 sub (jj), §1118 sub 13, Tax L
 
Relates to sales and compensating use taxes imposed with respect to vessels.
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S03874 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3874
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    January 30, 2025
                                       ___________
 
        Introduced  by  Sens.  HOYLMAN-SIGAL,  RAMOS  --  read twice and ordered
          printed, and when printed to be committed to the Committee  on  Budget
          and Revenue
 
        AN  ACT to repeal subdivision (jj) of section 1115 of the tax law relat-
          ing to sales and  compensating  use  taxes  imposed  with  respect  to
          vessels;  and  to repeal subdivision 13 of section 1118 of the tax law
          relating to sales and compensating use taxes imposed with  respect  to
          vessels
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision (jj) of section 1115 of the tax law,  as  added
     2  by section 1 of part SS of chapter 59 of the laws of 2015, is REPEALED.
     3    §  2.  Subdivision  13  of  section  1118  of the tax law, as added by
     4  section 2 of part SS of chapter 59 of the laws of 2015, is REPEALED.
     5    § 3. This act shall take effect June 1, 2025.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03124-01-5
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