Provides a sales tax exemption for equipment and apparatus used for metal fire escapes.
BILL NUMBER: S394
TITLE OF BILL : An act to amend the tax law, in relation to providing an exemption from the tax on sales and the compensating use tax for equipment or apparatus used for metal fire escapes
PURPOSE OR GENERAL IDEA OF BILL : To exempt equipment or apparatus used for metal fire escapes from sales taxes.
SUMMARY OF SPECIFIC PROVISIONS : Amends subdivision (a) of section 1115 of the tax law by adding a new paragraph 44.
JUSTIFICATION : Metal fire escapes are a much safer alternative than wooden fires escapes. Unfortunately metal fire escapes are very costly. This legislation would provide a small monetary benefit to those who convert from wooden to metal fire escapes.
PRIOR LEGISLATIVE HISTORY : 2007/2008 - S.4107/A.6835 Remained in the Senate Committee on Investigations and Governments and the Assembly Committee on Ways and Means
FISCAL IMPLICATIONS : This measure will cause the State a loss of revenue of approximately $700,000.00.
EFFECTIVE DATE : Immediately.
STATE OF NEW YORK ________________________________________________________________________ S. 394 A. 1041 2009-2010 Regular Sessions S E N A T E - A S S E M B L Y (PREFILED) January 7, 2009 ___________IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print- ed, and when printed to be committed to the Committee on Investi- gations and Government Operations IN ASSEMBLY -- Introduced by M. of A. McENENY, J. RIVERA -- Multi-Spon- sored by -- M. of A. CARROZZA, KOON, LAVINE, MARKEY, SEMINERIO, TOWNS, WEISENBERG -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing an exemption from the tax on sales and the compensating use tax for equipment or appara- tus used for metal fire escapes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (a) of section 1115 of the tax law is amended by adding a new paragraph 44 to read as follows: (44) EQUIPMENT AND APPARATUS INTENDED FOR USE AS METAL FIRE ESCAPES. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00974-01-9