Assembly Bill A7076

2009-2010 Legislative Session

Phases out tax on sale of pre-owned marine recreation vehicles; reduction at three years and no tax after fifteen years or more

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A7076 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add ยง1115-a, Tax L
Versions Introduced in 2011-2012 Legislative Session:
A8422

2009-A7076 (ACTIVE) - Summary

Phases out tax on sale of pre-owned marine recreation vehicles; reduction at three years and no tax after fifteen years or more; defines pre-owned marine recreation vehicles.

2009-A7076 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7076

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             March 19, 2009
                               ___________

Introduced by M. of A. SALADINO -- read once and referred to the Commit-
  tee on Ways and Means

AN ACT to amend the tax law, in relation to a reduction in sales and use
  tax on pre-owned marine recreation vehicles

  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  1115-a  to
read as follows:
  S  1115-A.  REDUCTION  IN SALES AND USE TAX ON PRE-OWNED MARINE RECRE-
ATION VEHICLES. 1. AS USED IN THIS SECTION, THE PHRASE "PRE-OWNED MARINE
RECREATION VEHICLES" SHALL MEAN AND  INCLUDE  BOATS  AND  OTHER  DEVICES
OPERATED  ON  WATER,  INTENDED  FOR  PLEASURE  AND RECREATION OTHER THAN
PROFIT, WHICH ARE SOLD BY A PARTY NOT IN THE BUSINESS  OF  SELLING  SUCH
BOATS OR DEVICES.
  2.  UPON THE SALE OF A PRE-OWNED MARINE RECREATION VEHICLE THREE YEARS
OF AGE OR MORE THAN BUT LESS THAN FIFTEEN YEARS OF AGE, THE TAX  THEREON
SHALL BE REDUCED BY TWENTY-FIVE PERCENT. UPON THE SALE OF SUCH A VEHICLE
FIFTEEN YEARS OF AGE OR MORE, NO TAX SHALL BE CHARGED.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08322-01-9


              

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