Authorizes counties to establish a tax free week in August exempting purchases of clothing and footwear from county sales tax for a 7-day period in August.
TITLE OF BILL: An act to amend the tax law, in relation to authorizing counties to establish a tax free week in August
PURPOSE: The legislation would authorize counties to establish a tax free week in the month of August.
SUMMARY OF PROVISIONS: Section 1. The tax law is amended by adding a new section 1225 to read as follows:
§ 1225. Sales tax exemption. Notwithstanding any other law to the contrary, any county may elect to exempt purchases of goods and merchandise, excluding automobiles and gasoline, sold within the county from any taxes imposed pursuant to part one of this article for a ten day period in August commencing on a Friday and ending on a Sunday.
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 a boon to local retailers who welcome the additional business. In Tennessee, the increase in retail sales has been so high that many stores have extended hours. States such as Maryland, Tennessee, South Carolina, Florida and Alabama empower their counties to exempt county sales tax from certain items. Sales tax exemptions have been granted in New York State and New York City for state and city residents typically for clothes and footwear.
This legislation provides counties with the legal authority to exempt purchases of goods and merchandise, excluding automobiles and gasoline, sold within the county for a ten day period in August commending on a Friday and ending on a Sunday. The timing is designed to provide sorely needed financial relief for parents of school-aged children who are purchasing supplies for the school year.
This legislation is opt-in for counties. County government must pass a resolution(s) to take such action.
LEGISLATIVE HISTORY: This is a new bill.
FISCAL IMPLICATIONS: There are no fiscal implications to the state.
EFFECTIVE DATE: Immediately.
STATE OF NEW YORK ________________________________________________________________________ 7349 IN SENATE May 2, 2012 ___________Introduced by Sen. SALAND -- 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 counties to establish a tax free week in August 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 LAW TO THE CONTRARY, ANY COUNTY MAY ELECT TO EXEMPT PURCHASES OF GOODS AND MERCHAN- DISE, EXCLUDING AUTOMOBILES AND GASOLINE, SOLD WITHIN THE COUNTY FROM ANY TAXES IMPOSED PURSUANT TO PART ONE OF THIS ARTICLE FOR A TEN DAY PERIOD IN AUGUST COMMENCING ON A FRIDAY AND ENDING ON A SUNDAY. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15423-01-2