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