STATE OF NEW YORK
________________________________________________________________________
1559
2017-2018 Regular Sessions
IN ASSEMBLY
January 12, 2017
___________
Introduced by M. of A. HAWLEY, DiPIETRO, McLAUGHLIN, RAIA, WALTER, McDO-
NOUGH -- Multi-Sponsored by -- M. of A. FITZPATRICK, McKEVITT, RIVERA
-- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to creating a tax exemption for
leasing of certain aircraft used for flight schools
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (a) of section 1115 of the tax law is amended
2 by adding a new paragraph 44 to read as follows:
3 (44) Notwithstanding the provisions of subparagraph three of paragraph
4 (A) of subdivision (i) of section eleven hundred eleven of this article,
5 leases and rentals of noncommercial aircraft having a seating capacity
6 of less than twenty passengers and a maximum payload capacity of less
7 than six thousand pounds that are used for training and educational
8 purposes.
9 § 2. This act shall take effect on the first day of a sales tax quar-
10 terly period, as described in subdivision (b) of section 1136 of the tax
11 law, next commencing at least sixty days after this act shall have
12 become law and shall apply in accordance with the applicable transi-
13 tional provisions of sections 1106 and 1217 of the tax law; provided,
14 further, that the commissioner of taxation and finance shall be author-
15 ized on and after the date this act shall have become a law to take
16 steps necessary to implement the provisions of this act on its effective
17 date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01333-01-7
