Bill Text: NY A02697 | 2019-2020 | General Assembly | Introduced


Bill Title: Creates a sales and use tax exemption for school buses and related items.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A02697 Detail]

Download: New_York-2019-A02697-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          2697
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 25, 2019
                                       ___________
        Introduced by M. of A. LENTOL -- read once and referred to the Committee
          on Ways and Means
        AN  ACT  to  amend  the  tax  law,  in  relation  to a sales and use tax
          exemption for school buses and related items
          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 45 to read as follows:
     3    (45) School buses as such term  is  defined  in  section  one  hundred
     4  forty-two  of  the vehicle and traffic law, and parts, equipment, lubri-
     5  cants and fuel purchased and used in their operation.
     6    § 2. This act shall take effect on the first day of a quarterly  sales
     7  tax  period,  as set forth in subdivision (b) of section 1136 of the tax
     8  law, next succeeding April 1, 2020. Effective immediately, the addition,
     9  amendment and/or repeal of any rule  or  regulation  necessary  for  the
    10  implementation  of  this  act on its effective date are authorized to be
    11  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.
                                                                   LBD02965-01-9
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