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A06554 Summary:

BILL NOA06554
 
SAME ASNo Same As
 
SPONSORLawler
 
COSPNSR
 
MLTSPNSR
 
Amd §1118, Tax L
 
Exempts from compensating use taxes purchases made outside the state and brought into the state to the extent that the value of the purchase does not exceed $2,500.
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A06554 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A6554
 
SPONSOR: Lawler
  TITLE OF BILL: An act to amend the tax law, in relation to exempting from compensating use taxes purchases made outside the state and brought into the state   PURPOSE OR GENERAL IDEA OF BILL: To exempt from compensating use taxes purchases made outside the state and brought into the state   SUMMARY OF PROVISIONS: Section 1: amends section 1118 of the tax law to add subdivision 14 to exempt purchases $2500 or less bought out of state and brought back to the state of New York Section 2: provides the effective date   JUSTIFICATION: Many Rockland County residents shop in New Jersey due to the close geographical proximity of their stores. The state of New York should not be penalizing New Yorkers who are traveling the 2 or 3 miles it takes to get to a store in Northern New Jersey instead of the 5 or 6 miles it takes to get to a store in another part of Rockland County. Similar dynamics exist in dozens of other counties across the state. The state of New York should only require the difference of sales tax to be paid when purchases are made cross-border in amounts in excess of $2,500. This will protect "conscience of innocence purchases" and results in a more fair and just tax system for all New Yorkers.   PRIOR LEGISLATIVE HISTORY: New Bill   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: Undetermined   EFFECTIVE DATE: This act shall take effect immediately and shall apply to returns filed on and after January 1, 2022.
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A06554 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6554
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 19, 2021
                                       ___________
 
        Introduced by M. of A. LAWLER -- read once and referred to the Committee
          on Ways and Means
 
        AN  ACT to amend the tax law, in relation to exempting from compensating
          use taxes purchases made outside the state and brought into the state
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section  1118  of  the tax law is amended by adding a new
     2  subdivision 14 to read as follows:
     3    (14) In respect to purchases made outside the state and  brought  into
     4  the  state to the extent that the value of such purchase does not exceed
     5  two thousand five hundred dollars.
     6    § 2. This act shall take effect immediately and shall apply to returns
     7  filed on and after January 1, 2022.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09515-01-1
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