Bill Text: NY A10679 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 10679 (Prior Session Legislation)

Introduced

Bill Title: Relates to the imposition of the sales tax for purposes of the storage of tangible personal property.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-06-24 - referred to ways and means [A10679 Detail]

Download: New_York-2019-A10679-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          10679

                   IN ASSEMBLY

                                      June 24, 2020
                                       ___________

        Introduced by COMMITTEE ON RULES -- (at request of M. of A. Schimminger)
          -- read once and referred to the Committee on Ways and Means

        AN  ACT to amend the tax law, in relation to the imposition of the sales
          tax for purposes of the storage of tangible personal property

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

     1    Section  1.  Paragraph 4 of subdivision (c) of section 1105 of the tax
     2  law, as amended by chapter 72 of the laws of 1971, is amended to read as
     3  follows:
     4    (4) Storing all tangible personal property not held for  sale  in  the
     5  regular course of business and the rental of safe deposit boxes or simi-
     6  lar space; provided, notwithstanding any other rule or regulation to the
     7  contrary,  for  purposes  of  the imposition of the sales tax under this
     8  paragraph, the tax shall only be assessed for the provision of  a  place
     9  for the storage of goods and/or tangible personal property provided that
    10  the  physical  location of the storage facility itself that is providing
    11  the safekeeping of goods and/or tangible personal property  is  actually
    12  located  fully  within the physical boundaries of the state of New York,
    13  without regard to the manner of payment, or  where  the  services  arose
    14  from,  or  length  of  time  of  the  service, provided that the storage
    15  service provided is not storage in transit, shall serve as the basis for
    16  such imposition. Provider further, the imposition of sales tax for stor-
    17  age services shall not be applicable to any  offsite  services  provided
    18  either prior to, or subsequent to, the onsite storage and safekeeping of
    19  goods.
    20    §  2.  This  act  shall take effect immediately and shall be deemed to
    21  have been in full force and effect on and after January 1, 2013.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16714-01-0