Suspends the collection and payment of sales tax by small businesses and local municipalities on purchases two hundred fifty dollars or less for a period of three months as a result of the negative impact of COVID-19.
STATE OF NEW YORK
________________________________________________________________________
10556
IN ASSEMBLY
May 29, 2020
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. D. Rosen-
thal) -- read once and referred to the Committee on Ways and Means
AN ACT in relation to suspending the collection and payment of sales tax
on purchases of two hundred fifty dollars or less by small businesses
and local municipalities for a period of three months as a result of
the negative impact of COVID-19
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Notwithstanding any provision of law or regulation to the
2 contrary, for a duration of three months from the effective date of this
3 act small businesses as well as local municipalities throughout the
4 state shall suspend the collection of sales tax and shall be exempt from
5 the payment of any sales tax on purchases of two hundred fifty dollars
6 or less. Such suspension of the collection and payment of sales tax
7 shall not apply to the sale of alcoholic beverages and tobacco products.
8 For the purposes of this act, "small business" shall mean a business
9 which is resident in the state, independently owned and operated and
10 employs one hundred or less persons.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16520-02-0
