Assembly Bill A8422

2011-2012 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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2011-A8422 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add ยง1115-a, Tax L
Versions Introduced in 2009-2010 Legislative Session:
A7076

2011-A8422 (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.

2011-A8422 (ACTIVE) - Bill Text download pdf 

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

                                  8422

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 15, 2011
                               ___________

Introduced  by  M.  of A. SALADINO, BURLING -- read once and referred to
  the Committee 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.
                                                           LBD09042-01-1

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