NY State Senate Bill 2019-S7634A

Archive: Last Bill Status - In Senate Committee Budget And Revenue 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 27, 2020	print number 7634a
Feb 27, 2020	amend and recommit to budget and revenue
Feb 03, 2020	referred to budget and revenue

Bill Amendments

Original

A (Active)

2019-S7634 - Details

See Assembly Version of this Bill:: A9650
Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Add §1105-C, amd §1148, Tax L
Versions Introduced in Other Legislative Sessions:: 2021-2022: S1910, A3079
2023-2024: S336, A537

2019-S7634 - Summary

Imposes an additional two percent sales tax on retail sales of motor vehicles over $70,000 excluding commercial vehicles and electric vehicles, jewelry over $5,000 and articles of clothing, footwear, handbags, luggage, umbrellas, wallets or watches sold for over $1,000; provides that such tax shall be distributed equally to the credit of the state university of New York and the city university of New York.

2019-S7634 - Sponsor Memo

                                
 
BILL NUMBER: S7634

SPONSOR: JACKSON
 
TITLE OF BILL:

An act to amend the tax law, in relation to imposing an additional two
percent sales tax on certain retail sales

 
SUMMARY OF PROVISIONS:

Section 1 amends the tax law by adding a new section 1105-c that creates
an additional sales tax on 2 percent on every retail sale of tangible
personal property of:

- Motor vehicles sold for over $50,000 (excluding commercial vehicles)

-Jewelry sold for over $5,000

-Clothing over $1,000

Section 2 amends section 1148 of the tax law to direct the revenue to
CUNY and SUNY. Section 3 provides the effective date.

 
JUSTIFICATION:

New York's public higher education system is one of the state's crown
jewels: CUNY and SUNY are responsible for lifting low-income New Yorkers
into the middle class by empowering them with a world class education.
To ensure our students continue to receive a high quality education at
our public universities, the state needs to close the gap between what
the state's Tuition Assistance Program (TAP) pays and actual tuition
costs with a dedicated funding stream.

The disparity between tuition costs and TAP funding has edged up to $139
million. We cannot close the "TAP Gap" on the backs of CUNY and SUNY
students, many of whom come from low-income families and are first
generation college students. Instead, this bill proposes to invest in
students' success by placing an additional 2% tax on luxury items
purchased by the wealthiest in our state and directing that revenue
toward SUNY and CUNY.

 
LEGISLATIVE HISTORY:

New bill.

 
STATE AND LOCAL FISCAL IMPLICATIONS:

To be determined

 
EFFECTIVE DATE:
This act shall take effect immediately.

2019-S7634 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7634
 
                             I N  S E N A T E
 
                             February 3, 2020
                                ___________
 
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation to imposing an  additional  two
   percent sales tax on certain retail sales
 
   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  1105-c  to
 read as follows:
   §  1105-C.  ADDITIONAL SALES TAX ON CERTAIN RETAIL SALES. (A) NOTWITH-
 STANDING ANY OTHER PROVISIONS OF THIS ARTICLE, ON AND AFTER JUNE  FIRST,
 TWO  THOUSAND TWENTY, THERE IS HEREBY IMPOSED AND SHALL BE PAID A TAX OF
 TWO PERCENT UPON  THE  RECEIPTS  FROM  EVERY  RETAIL  SALE  OF  TANGIBLE
 PERSONAL PROPERTY OF:
   (1)  MOTOR  VEHICLES  SOLD  FOR  OVER FIFTY THOUSAND DOLLARS EXCLUDING
 COMMERCIAL VEHICLES;
   (2) JEWELRY SOLD FOR OVER FIVE THOUSAND DOLLARS; AND
   (3) ANY ARTICLE OF CLOTHING OR FOOTWEAR INTENDED  TO  BE  WORN  ON  OR
 ABOUT  THE  HUMAN  BODY, ANY HANDBAG, LUGGAGE, UMBRELLA, WALLET OR WATCH
 SOLD FOR OVER ONE THOUSAND DOLLARS.
   (B) THE TAX IMPOSED BY SUBDIVISION (A) OF THIS  SECTION  SHALL  BE  IN
 ADDITION  TO THE TAX IMPOSED ON SUCH RECEIPTS PURSUANT TO SECTION ELEVEN
 HUNDRED FIVE OF THIS ARTICLE.
   § 2. Section 1148 of the tax law is amended by adding a  new  subdivi-
 sion (d) to read as follows:
   (D) PROVIDED, HOWEVER, BEFORE FUNDS ARE DISTRIBUTED PURSUANT TO SUBDI-
 VISION  (A), (B) OR (C) OF THIS SECTION, (1) FIFTY PERCENT OF ALL TAXES,
 INTEREST AND PENALTIES COLLECTED OR RECEIVED BY THE COMMISSIONER  PURSU-
 ANT  TO SECTION ELEVEN HUNDRED FIVE-C OF THIS ARTICLE SHALL BE DEPOSITED
 TO THE CREDIT OF THE STATE UNIVERSITY OF NEW YORK AND (2) FIFTY  PERCENT
 OF  ALL  TAXES,  INTEREST  AND  PENALTIES  COLLECTED  OR RECEIVED BY THE
 COMMISSIONER PURSUANT TO SECTION ELEVEN HUNDRED FIVE-C OF  THIS  ARTICLE
 SHALL BE DEPOSITED TO THE CREDIT OF THE CITY UNIVERSITY OF NEW YORK.
   § 3. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD11310-03-0

co-Sponsors

2019-S7634A (ACTIVE) - Details

See Assembly Version of this Bill:: A9650
Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Add §1105-C, amd §1148, Tax L
Versions Introduced in Other Legislative Sessions:: 2021-2022: S1910, A3079
2023-2024: S336, A537

2019-S7634A (ACTIVE) - Summary

2019-S7634A (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S7634A

SPONSOR: JACKSON
 
TITLE OF BILL:

An act to amend the tax law, in relation to imposing an additional two
percent sales tax on certain retail sales

 
SUMMARY OF PROVISIONS:

Section 1 amends the tax law by adding a new section 1105-c that creates
an additional sales tax on 2 percent on every retail sale of tangible
personal property of:
     *Motor vehicles sold for over $70,000 (excluding commercial vehi-
cles
      and electric vehicles)
     *Jewelry sold for over $5,000
     *Clothing over $1,000

Section 2 amends section 1148 of the tax law to direct the revenue to
CUNY and SUNY. Section 3 provides the effective date.

 
DIFFERENCE BETWEEN ORIGINAL AND AMENDED VERSION (IF APPLICABLE):

This amendment raises the threshold at which the tax takes effect on
motor vehicles from $50,000 to $70,000 and exempts electric vehicles
from the additional tax.

 
JUSTIFICATION:

New York's public higher education system is one of the state's crown
jewels: CUNY and SUNY are responsible for lifting low-income New Yorkers
into the middle class by empowering them with a world class education.
To ensure our students continue to receive a high quality education at
our public universities, the state needs to close the gap between what
the state's Tuition Assistance Program (TAP) pays and actual tuition
costs with a dedicated funding stream.

The disparity between tuition costs and TAP funding has edged up to $139
million. We cannot close the "TAP Gap" on the backs of CUNY and SUNY
students, many of whom come from low-income families and are first
generation college students. Instead, this bill proposes to invest in
students' success by placing an additional 2% tax on luxury items
purchased by the wealthiest in our state and directing that revenue
toward SUNY and CUNY.

 
LEGISLATIVE HISTORY:

 New bill.

 
STATE AND LOCAL FISCAL IMPLICATIONS:

To be determined.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2019-S7634A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7634--A
 
                             I N  S E N A T E
 
                             February 3, 2020
                                ___________
 
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Budget  and  Revenue  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the tax law, in relation to imposing an  additional  two
   percent sales tax on certain retail sales

   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  1105-C  to
 read as follows:
   §  1105-C.  ADDITIONAL SALES TAX ON CERTAIN RETAIL SALES. (A) NOTWITH-
 STANDING ANY OTHER PROVISIONS OF THIS ARTICLE, ON AND AFTER JUNE  FIRST,
 TWO  THOUSAND TWENTY, THERE IS HEREBY IMPOSED AND SHALL BE PAID A TAX OF
 TWO PERCENT UPON  THE  RECEIPTS  FROM  EVERY  RETAIL  SALE  OF  TANGIBLE
 PERSONAL PROPERTY OF:
   (1)  MOTOR  VEHICLES  SOLD FOR OVER SEVENTY THOUSAND DOLLARS EXCLUDING
 COMMERCIAL VEHICLES AND ELECTRIC VEHICLES;
   (2) JEWELRY SOLD FOR OVER FIVE THOUSAND DOLLARS; AND
   (3) ANY ARTICLE OF CLOTHING OR FOOTWEAR INTENDED  TO  BE  WORN  ON  OR
 ABOUT  THE  HUMAN  BODY, ANY HANDBAG, LUGGAGE, UMBRELLA, WALLET OR WATCH
 SOLD FOR OVER ONE THOUSAND DOLLARS.
   (B) THE TAX IMPOSED BY SUBDIVISION (A) OF THIS  SECTION  SHALL  BE  IN
 ADDITION  TO THE TAX IMPOSED ON SUCH RECEIPTS PURSUANT TO SECTION ELEVEN
 HUNDRED FIVE OF THIS ARTICLE.
   § 2. Section 1148 of the tax law is amended by adding a  new  subdivi-
 sion (d) to read as follows:
   (D) PROVIDED, HOWEVER, BEFORE FUNDS ARE DISTRIBUTED PURSUANT TO SUBDI-
 VISION  (A), (B) OR (C) OF THIS SECTION, (1) FIFTY PERCENT OF ALL TAXES,
 INTEREST AND PENALTIES COLLECTED OR RECEIVED BY THE COMMISSIONER  PURSU-
 ANT  TO SECTION ELEVEN HUNDRED FIVE-C OF THIS ARTICLE SHALL BE DEPOSITED
 TO THE CREDIT OF THE STATE UNIVERSITY OF NEW YORK AND (2) FIFTY  PERCENT
 OF  ALL  TAXES,  INTEREST  AND  PENALTIES  COLLECTED  OR RECEIVED BY THE
 COMMISSIONER PURSUANT TO SECTION ELEVEN HUNDRED FIVE-C OF  THIS  ARTICLE
 SHALL BE DEPOSITED TO THE CREDIT OF THE CITY UNIVERSITY OF NEW YORK.
   § 3. This act shall take effect immediately.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11310-05-0

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Senate Bill S7634A

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee

Bill Amendments

2019-S7634 - Details

2019-S7634 - Summary

2019-S7634 - Sponsor Memo

2019-S7634 - Bill Text download pdf

co-Sponsors

2019-S7634A (ACTIVE) - Details

2019-S7634A (ACTIVE) - Summary

2019-S7634A (ACTIVE) - Sponsor Memo

2019-S7634A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S7634A

Share this bill

Sponsored By

Robert Jackson

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee

Bill Amendments

2019-S7634 - Details

2019-S7634 - Summary

2019-S7634 - Sponsor Memo

2019-S7634 - Bill Text download pdf

co-Sponsors

Alessandra Biaggi

2019-S7634A (ACTIVE) - Details

2019-S7634A (ACTIVE) - Summary

2019-S7634A (ACTIVE) - Sponsor Memo

2019-S7634A (ACTIVE) - Bill Text download pdf

Comments