A2883-2011 - NY Senate Open Legislation - Provides that receipts from sale of service or material to correct damages due to natural disaster are exempt from sales or use tax

Bill A2883-2011

Provides that receipts from sale of service or material to correct damages due to natural disaster are exempt from sales or use tax

Provides that receipts from the sale of services or material used to correct, replace or repair damages caused by a natural disaster shall be exempt from sales/use taxes; includes down blast, hurricane, flood or tornado.

Details

Versions A2883-2011
Sponsor:Miller J
Committee: WAYS AND MEANS
Law Section: Tax Law
Law: Amd §1115, Tax L

Actions

Jun 19, 2012: held for consideration in ways and means
Jan 4, 2012: referred to ways and means
Jan 20, 2011: referred to ways and means

Text


STATE OF NEW YORK
________________________________________________________________________

2883

2011-2012 Regular Sessions

IN ASSEMBLY

January 20, 2011
___________

Introduced  by  M.  of  A.  J. MILLER  --  read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, in relation to exempting cost of correcting
  damages due to natural disaster

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  1115  of  the tax law is amended by adding a new
subdivision (gg) to read as follows:
  (GG) RECEIPTS FROM THE  SALE  OF  SERVICES  AND/OR  MATERIAL  USED  TO
CORRECT, REPLACE OR REPAIR DAMAGES CAUSED BY A NATURAL DISASTER, INCLUD-
ING, BUT NOT LIMITED TO, DOWN BLAST, HURRICANE, FLOOD OR TORNADO.
  S  2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law,  and  shall  apply  to
sales  made, services rendered or uses occurring on or after such effec-
tive date.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08180-01-1

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