Authorizes the county of Putnam to grant exemption from county sales and use taxes during the period August 15 - 24, 2014 for clothing and footwear.
TITLE OF BILL: An act to amend the tax law, in relation to authorizing the county of Putnam to exempt from county sales and compensating use taxes certain taxable goods and services, during the period commencing on August ninth and through August eighteenth, two thousand thirteen
PURPOSE: The purpose of this legislation is to authorize the County of Putnam to grant exemption from all county sales and use taxes from August 10th - 19th for clothing and footwear under $110.
SUMMARY OF PROVISIONS:
Section One - amends the tax law is amended by adding a new section 1225 to read as follows:
Section 1225: Not withstanding any other law to the contrary, the county of Putnam may elect to exempt purchases of clothing and footwear for which the receipt of consideration given or contracted to be given is less than one hundred ten dollars per article of clothing, per pair of shoes or other articles of footwear or per item used or consumed to make or repair such clothing and which becomes a physical component part of such clothing, sold within the county from any sales and compensating use taxes imposed pursuant to part one of this article during the period commencing August tenth, two thousand thirteen through August nineteenth, two thousand thirteen.
Section 2. This act shall take effect immediately.
JUSTIFICATION: Many States provide taxpayers with tax free events ranging from a weekend to one week. Such tax free events are popular with taxpayers, and to local retailers who welcome the additional business. In Tennessee, the increase in retail sales has been so high that many stores have extended their hours. States such as Maryland, Tennessee, South Carolina, Florida and Alabama empower their counties to exempt county sales tax from certain items.
This legislation provides the County of Putnam with the legal authority to exempt taxes as described in the summary above. The timing is designed to provide sorely needed financial relief for parents of school-aged children who are purchasing clothing and footwear for the approaching school year.
LEGISLATIVE HISTORY: 06/20/12 Referred to ways and means
FISCAL IMPLICATIONS: See Local Fiscal Impact Note.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 3878 2013-2014 Regular Sessions IN SENATE February 26, 2013 ___________Introduced by Sen. BALL -- 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 authorizing the county of Putnam to exempt from county sales and compensating use taxes certain taxable goods and services, during the period commencing on August ninth and through August eighteenth, two thousand thirteen THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 1225 to read as follows: S 1225. SALES TAX EXEMPTION. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE COUNTY OF PUTNAM MAY ELECT TO EXEMPT PURCHASES OF CLOTHING AND FOOTWEAR FOR WHICH THE RECEIPT OR CONSIDERATION GIVEN OR CONTRACTED TO BE GIVEN IS LESS THAN ONE HUNDRED TEN DOLLARS PER ARTICLE OF CLOTHING, PER PAIR OF SHOES OR OTHER ARTICLES OF FOOTWEAR OR PER ITEM USED OR CONSUMED TO MAKE OR REPAIR SUCH CLOTHING AND WHICH BECOMES A PHYSICAL COMPONENT PART OF SUCH CLOTHING, SOLD WITHIN THE COUNTY FROM ANY SALES AND COMPENSATING USE TAXES IMPOSED PURSUANT TO PART ONE OF THIS ARTICLE DURING THE PERIOD COMMENCING AUGUST NINTH, TWO THOUSAND THIRTEEN THROUGH AUGUST EIGHTEENTH, TWO THOUSAND THIRTEEN. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07359-01-3