A09247 Summary:
| BILL NO | A09247 |
| SAME AS | SAME AS S08507 |
| SPONSOR | Fahy |
| COSPNSR | |
| MLTSPNSR | |
| Amd 1105, Tax L | |
| Exempts athletic club membership dues from a sales tax where such dues are spent on the improvement, maintenance or operation of the athletic club's activities occurring solely on the premises of a municipal parkland. | |
A09247 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 9247 IN ASSEMBLY February 22, 2024 ___________ Introduced by M. of A. FAHY -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting athletic club membership dues from a sales tax where such clubs utilize a municipal parkland The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (ii) of paragraph 2 of subdivision (f) of 2 section 1105 of the tax law is amended by adding a new clause (D) to 3 read as follows: 4 (D) An athletic club located on municipal parkland for which member- 5 ship dues are spent substantially on such improvement, maintenance and 6 operation of the athletic activities occurring solely on the premises of 7 a municipal parkland. For purposes of this clause, "spent substantially" 8 shall mean greater than ninety-five percent of the dues received in any 9 one year. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14422-01-4