STATE OF NEW YORK
________________________________________________________________________
8365
IN SENATE
May 3, 2018
___________
Introduced by Sen. GOLDEN -- 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 tax benefits for businesses
located in tax-free NY areas
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (f) of section 39 of the tax law, as added by
2 section 2 of part A of chapter 68 of the laws of 2013, is amended to
3 read as follows:
4 (f) Sales and use tax. Such business shall be [eligible for a credit
5 or refund for sales and use taxes imposed] exempt from sales and compen-
6 sating use taxes imposed under articles twenty-eight and twenty-nine of
7 this chapter on the retail sale of tangible personal property or
8 services under subdivisions (a), (b), and (c) of section eleven hundred
9 five and section eleven hundred ten of this chapter and similar taxes
10 imposed pursuant to the authority of article twenty-nine of this chap-
11 ter. The [credit or refund] exemption shall be allowed for one hundred
12 twenty consecutive months beginning with the month during which such
13 business locates in the tax-free NY area.
14 § 2. Subdivision (a) of section 1116 of the tax law is amended by
15 adding a new paragraph 10 to read as follows:
16 (10) A business approved pursuant to article twenty-one of the econom-
17 ic development law for a period of up to one hundred twenty consecutive
18 months.
19 § 3. This act shall take effect on the first day of the second sales
20 tax quarter following 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.
LBD14973-01-8
