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S07260 Summary:

BILL NOS07260
 
SAME ASSAME AS A07745
 
SPONSORSALAZAR
 
COSPNSRBIAGGI, BRISPORT, CLEARE, HOYLMAN, JACKSON, KRUEGER, RIVERA, SEPULVEDA, SKOUFIS
 
MLTSPNSR
 
Rpld §1115 sub (a) ¶29, §1118 subs 9 & 10, amd §1118, Tax L
 
Repeals certain provisions relating to use tax exemptions for certain race horses; prevents nonresident racehorse owners from avoiding use tax in certain situations.
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S07260 Actions:

BILL NOS07260
 
06/25/2021REFERRED TO RULES
01/05/2022REFERRED TO BUDGET AND REVENUE
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S07260 Memo:

Memo not available
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S07260 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7260
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                      June 25, 2021
                                       ___________
 
        Introduced by Sens. SALAZAR, BIAGGI, BRISPORT, JACKSON -- read twice and
          ordered  printed, and when printed to be committed to the Committee on
          Rules
 
        AN ACT to amend the tax law, in  relation  to  use  tax  exemptions  for
          certain  race  horses;  and  to  repeal certain provisions of such law
          relating thereto

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Paragraph 29 of subdivision (a) of section 1115 of the tax
     2  law is REPEALED.
     3    § 2. Subdivisions 9 and  10  of  section  1118  of  the  tax  law  are
     4  REPEALED.
     5    § 3. Paragraph (b) of subdivision 2 of section 1118 of the tax law, as
     6  added  by  section  2  of  part CC of chapter 59 of the laws of 2017, is
     7  amended to read as follows:
     8    (b) Notwithstanding any provision of this article to the contrary, the
     9  exclusion in paragraph (a) of this subdivision shall not  apply  to  the
    10  use  within  the  state  of property or a service purchased outside this
    11  state by a nonresident that is not an individual, unless  such  nonresi-
    12  dent  has  been doing business outside the state for at least six months
    13  prior to the date such nonresident brought such property or service into
    14  this state.  For purposes of this paragraph, the exclusion in  paragraph
    15  (a)  of  this subdivision shall not apply to any nonresident that is not
    16  an individual when the property purchased by such nonresident is a horse
    17  or horses brought into the state for racing, regardless of whether  such
    18  nonresident  has  been doing business outside the state for at least six
    19  months prior to the date such horse or  horses  were  brought  into  the
    20  state for racing.
    21    § 4. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11222-01-1
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