Bill Text: NY S01822 | 2015-2016 | General Assembly | Introduced

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Bill Title: Exempts from sales tax the sale of an abstract of title to real property to be used for agricultural purposes to either a prospective purchaser of real property or to an attorney representing a prospective purchaser.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2016-03-30 - referred to ways and means [S01822 Detail]

Download: New_York-2015-S01822-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1822
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                   January 15, 2015
                                      ___________
       Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations
       AN ACT to amend the tax law, in relation to providing for  a  sales  tax
         exemption for farm abstracts
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 1 of subdivision (c) of section 1105 of  the  tax
    2  law,  as  amended by chapter 583 of the laws of 2011, is amended to read
    3  as follows:
    4    (1) The furnishing of information by printed, mimeographed  or  multi-
    5  graphed  matter or by duplicating written or printed matter in any other
    6  manner, including the services of  collecting,  compiling  or  analyzing
    7  information  of  any  kind  or  nature and furnishing reports thereof to
    8  other persons, but excluding the  furnishing  of  information  which  is
    9  personal or individual in nature and which is not or may not be substan-
   10  tially incorporated in reports furnished to other persons, and excluding
   11  the  services of advertising or other agents, or other persons acting in
   12  a representative capacity, and information services used by  newspapers,
   13  electronic news services, radio broadcasters and television broadcasters
   14  in  the collection and dissemination of news, and excluding meteorologi-
   15  cal services, AND EXCLUDING THE SALE OF AN ABSTRACT  OF  TITLE  TO  REAL
   16  PROPERTY  TO  BE  USED FOR AGRICULTURAL PURPOSES TO EITHER A PROSPECTIVE
   17  PURCHASER OF REAL PROPERTY OR TO AN ATTORNEY REPRESENTING A  PROSPECTIVE
   18  PURCHASER.
   19    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05499-01-5