Bill Text: NY A07204 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 7204 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field, shall be two percent.

Spectrum: Slight Partisan Bill (Democrat 20-8)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A07204 Detail]

Download: New_York-2019-A07204-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7204
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                     April 12, 2019
                                       ___________
        Introduced  by M. of A. SIMON -- read once and referred to the Committee
          on Ways and Means
        AN ACT to amend the tax law, in relation  to  the  imposition  of  sales
          taxes on goods or services purchased from small businesses
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The opening paragraph of section 1105 of the  tax  law,  as
     2  amended  by  chapter  72  of  the  laws  of  1971, is amended to read as
     3  follows:
     4    On and after June first, nineteen hundred seventy-one, there is hereby
     5  imposed and there shall be paid a tax of four percent; provided,  howev-
     6  er, that when the goods or services are purchased from a small business,
     7  as defined by section one hundred thirty-one of the economic development
     8  law, the amount of tax paid on such sale shall be two percent, upon:
     9    §  2.  This  act  shall  take effect on the first day of the sales tax
    10  quarterly period, as described in subdivision (b) of section 1136 of the
    11  tax law, next commencing at least 90 days  after  this  act  shall  have
    12  become  a  law and shall apply in accordance with the applicable transi-
    13  tional provisions of sections 1106 and 1217 of the tax law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09206-03-9