Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 02, 2020 |
referred to rules |
Senate Bill S9078
2019-2020 Legislative Session
Sponsored By
(D, IP, WF) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
2019-S9078 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§1115, 210-B & 606, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
S540
2019-S9078 (ACTIVE) - Summary
Exempts from sales and compensating use taxes and establishes a tax credit for any equipment or product, including materials used in the construction of physical barriers, purchased by a small business doing business in this state that is directly used by such small business to comply with a COVID-19 health and safety plan.
2019-S9078 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9078 SPONSOR: KAPLAN TITLE OF BILL: An act to amend the tax law, in relation to exempting from sales and compensating use taxes and establishing a tax credit for any equipment or product purchased by a small business that is used to comply with a COVID-19 health and safety plan PURPOSE: This legislation creates a sales tax exemption for the purchase of equipment or products purchased by small businesses to comply with a COVID-19 health and safety plan. SUMMARY OF SPECIFIC PROVISIONS: Section 1 Adds a paragraph 46 to Section 1115 of the tax law. To create a sales tax exemption for any equipment or product, including materials used in the construction of physical barriers, including but limited to
2019-S9078 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9078 I N S E N A T E November 2, 2020 ___________ Introduced by Sen. KAPLAN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to exempting from sales and compensating use taxes and establishing a tax credit for any equipment or product purchased by a small business that is used to comply with a COVID-19 health and safety plan 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 46 to read as follows: (46) ANY EQUIPMENT OR PRODUCT, INCLUDING MATERIALS USED IN THE CONSTRUCTION OF PHYSICAL BARRIERS, INCLUDING BUT NOT LIMITED TO PLASTIC SHIELDING WALLS, STRIP CURTAINS, CUBICLE WALLS, PLEXIGLASS OR SIMILAR MATERIALS, OR OTHER IMPERMEABLE DIVIDERS OR PARTITIONS, PURCHASED BY A SMALL BUSINESS DOING BUSINESS IN THIS STATE THAT IS DIRECTLY USED BY SUCH SMALL BUSINESS TO BE IN COMPLIANCE WITH A COVID-19 HEALTH AND SAFE- TY PLAN. FOR PURPOSES OF THIS PARAGRAPH, THE TERM "SMALL BUSINESS" SHALL MEAN A BUSINESS WITH ONE HUNDRED OR FEWER EMPLOYEES. § 2. Section 210-B of the tax law is amended by adding a new subdivi- sion 55 to read as follows: 55. SALES TAX PAID ON MATERIALS FOR COVID-19 HEALTH AND SAFETY PLAN COMPLIANCE. (1) FOR THE PERIOD BEGINNING MAY FIFTEENTH, TWO THOUSAND TWENTY AND ENDING ON THE EFFECTIVE DATE OF THIS SUBDIVISION, A TAXPAYER WHO OWNS A SMALL BUSINESS SHALL BE ALLOWED A CREDIT FOR SALES TAX PAID FOR ANY EQUIPMENT OR PRODUCT, INCLUDING MATERIALS USED IN THE CONSTRUCTION OF PHYSICAL BARRIERS, INCLUDING BUT NOT LIMITED TO PLASTIC SHIELDING WALLS, STRIP CURTAINS, CUBICLE WALLS, PLEXIGLASS OR SIMILAR MATERIALS, OR OTHER IMPERMEABLE DIVIDERS OR PARTITIONS, PURCHASED BY SUCH SMALL BUSINESS IN ORDER TO BE IN COMPLIANCE WITH A COVID-19 HEALTH AND SAFETY PLAN. (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL EXCEED THE SMALL BUSINESS'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHT- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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