Bill Text: NY S01910 | 2021-2022 | General Assembly | Introduced


Bill Title: Imposes an additional two percent sales tax on retail sales of motor vehicles over $70,000 excluding commercial vehicles and electric vehicles, jewelry over $5,000 and articles of clothing, footwear, handbags, luggage, umbrellas, wallets or watches sold for over $1,000; provides that such tax shall be distributed equally to the credit of the state university of New York and the city university of New York.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO BUDGET AND REVENUE [S01910 Detail]

Download: New_York-2021-S01910-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          1910

                               2021-2022 Regular Sessions

                    IN SENATE

                                    January 16, 2021
                                       ___________

        Introduced  by  Sens. JACKSON, BIAGGI -- read twice and ordered printed,
          and when printed to be committed to the Committee on Budget and Reven-
          ue

        AN ACT to amend the tax law, in relation to imposing an  additional  two
          percent sales tax on certain retail sales

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

     1    Section 1. The tax law is amended by adding a new  section  1105-C  to
     2  read as follows:
     3    §  1105-C.  Additional sales tax on certain retail sales. (a) Notwith-
     4  standing any other provisions of this article, on and after June  first,
     5  two thousand twenty-one, there is hereby imposed and shall be paid a tax
     6  of  two  percent  upon  the  receipts from every retail sale of tangible
     7  personal property of:
     8    (1) motor vehicles sold for over seventy  thousand  dollars  excluding
     9  commercial vehicles and electric vehicles;
    10    (2) jewelry sold for over five thousand dollars; and
    11    (3)  any  article  of  clothing  or footwear intended to be worn on or
    12  about the human body, any handbag, luggage, umbrella,  wallet  or  watch
    13  sold for over one thousand dollars.
    14    (b)  The  tax  imposed  by subdivision (a) of this section shall be in
    15  addition to the tax imposed on such receipts pursuant to section  eleven
    16  hundred five of this article.
    17    §  2.  Section 1148 of the tax law is amended by adding a new subdivi-
    18  sion (d) to read as follows:
    19    (d) Provided, however, before funds are distributed pursuant to subdi-
    20  vision (a), (b) or (c) of this section, (1) fifty percent of all  taxes,
    21  interest  and penalties collected or received by the commissioner pursu-
    22  ant to section eleven hundred five-C of this article shall be  deposited
    23  to  the credit of the state university of New York and (2) fifty percent
    24  of all taxes, interest  and  penalties  collected  or  received  by  the
    25  commissioner  pursuant  to section eleven hundred five-C of this article
    26  shall be deposited to the credit of the city university of New York.
    27    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02348-01-1
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