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S03199 Summary:

Amd §1115, Tax L
Grants a sales and compensating use tax exemption for goods under $2 sold for fundraising organized by school-based volunteer organizations.
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S03199 Text:

                STATE OF NEW YORK
                               2021-2022 Regular Sessions
                    IN SENATE
                                    January 28, 2021
        Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation to granting a sales and compen-
          sating use tax exemption for certain goods sold  for  the  purpose  of
          fundraising organized by school-based volunteer organizations
          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 46 to read as follows:
     3    (46) School-based organizations; any item sold for a cost of under two
     4  dollars  and  for  the purpose of fundraising sponsored or promoted by a
     5  parent-teacher association and/or student organization, booster club, or
     6  similar school-based association, which  supports  the  functioning  and
     7  viability  of  educational  or  extracurricular  activities by impacting
     8  student life between grades K through twelve, when there  is  no  third-
     9  party  vendor  collecting  a  sales or compensating use tax through such
    10  sales.
    11    § 2. This act shall take effect on the first of January next  succeed-
    12  ing the date on which it shall have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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