Bill Text: NY A01517 | 2023-2024 | General Assembly | Amended

New York Assembly Bill 1517

Bill Title: Exempts school buses and parts, equipment, lubricants and fuel purchased and used in their operation from sales and use tax.

Spectrum: Moderate Partisan Bill (Democrat 14-3)

Status: (Introduced) 2024-01-03 - referred to ways and means [A01517 Detail]

Download: New_York-2023-A01517-Amended.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                         1517--A

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 17, 2023
                                       ___________

        Introduced  by  M. of A. JEAN-PIERRE, WOERNER, THIELE, MIKULIN, EPSTEIN,
          MORINELLO, DICKENS, SAYEGH, COOK,  CRUZ,  GUNTHER,  DARLING,  HYNDMAN,
          HEVESI,  WILLIAMS,  NORRIS  -- Multi-Sponsored by -- M. of A. SIMON --
          read once and referred to the Committee on Ways and Means -- committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee

        AN ACT to amend the tax law, in relation to exempting school buses  from
          sales and use tax

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 1115 of the tax law is  amended  by  adding  a  new
     2  subdivision (ll) to read as follows:
     3    (ll)  Notwithstanding  any  other  provision  of  law to the contrary,
     4  receipts from the sale of school buses,  as  such  term  is  defined  in
     5  section  one hundred forty-two of the vehicle and traffic law and parts,
     6  equipment, lubricants and fuel purchased and used  in  their  operation,
     7  shall be exempt from taxes imposed by this article.
     8    §  2. This act shall take effect on the first day of a quarterly sales
     9  tax period, as set forth in subdivision (b) of section 1136 of  the  tax
    10  law,  next  succeeding  April 1, 2024.  Effective immediately, the addi-
    11  tion, amendment and/or repeal of any rule or  regulation  necessary  for
    12  the  implementation  of this act on its effective date are authorized to
    13  be made and completed on or before such effective date.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02834-02-3