A09491 Summary:
BILL NO | A09491A |
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SAME AS | SAME AS S08339-A |
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SPONSOR | Hunter |
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COSPNSR | Thiele, Magnarelli, Hyndman, Norris, Lupardo, Ramos, Wallace, Dickens, Abinanti, Weprin |
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MLTSPNSR | |
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Amd §1115, Tax L | |
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Increases the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation. |
A09491 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 9491--A IN ASSEMBLY March 7, 2022 ___________ Introduced by M. of A. HUNTER, THIELE, MAGNARELLI, HYNDMAN, NORRIS, LUPARDO, RAMOS, WALLACE, DICKENS, ABINANTI -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to increasing the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (B) of paragraph 1 of subdivision (a) of 2 section 1115 of the tax law, as amended by section 1 of part GG of chap- 3 ter 59 of the laws of 2022, is amended to read as follows: 4 (B) Until May thirty first, two thousand twenty-three, the food and 5 drink excluded from the exemption provided by clauses (i), (ii) and 6 (iii) of subparagraph (A) of this paragraph, and bottled water, shall be 7 exempt under this subparagraph when sold for [one dollar] two dollars 8 and fifty cents or less through any vending machine that accepts coin or 9 currency only or when sold for two dollars and fifty cents or less 10 through any vending machine that accepts any form of payment other than 11 coin or currency, whether or not it also accepts coin or currency. 12 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14724-04-2