Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to budget and revenue |
May 23, 2023 |
reported and committed to finance |
Mar 03, 2023 |
referred to budget and revenue |
Senate Bill S5418
2023-2024 Legislative Session
Sponsored By
(D) 22nd Senate District
Current 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
Actions
Votes
2023-S5418 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10024
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1115, Tax L
2023-S5418 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5418 SPONSOR: FELDER TITLE OF BILL: An act to amend the tax law, in relation to increasing the tax exemption amount on clothing and apparel items from one hundred ten dollars to two hundred dollars SUMMARY OF PROVISIONS: Paragraph 30 of subdivision (a) of section 1115 of the Tax Law is amended to increase the amount of the tax exemption amount on clothing and apparel items from one hundred ten dollars to two hundred dollars JUSTIFICATION: The current tax exemption on clothing and footwear in New York State has not been adjusted since 1998, when it was set at one hundred and ten dollars. When taking into account inflation, $110 in 1998 would be worth $200 in 2023. This legislation simply raises the tax exemption on cloth- ing and footwear to keep pace with the level of inflation that has
2023-S5418 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5418 2023-2024 Regular Sessions I N S E N A T E March 3, 2023 ___________ Introduced by Sen. FELDER -- 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 increasing the tax exemption amount on clothing and apparel items from one hundred ten dollars to two hundred dollars THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 30 of subdivision (a) of section 1115 of the tax law, as amended by section 84 of part A of chapter 56 of the laws of 1998, is amended to read as follows: (30) Clothing and footwear for which the receipt or consideration given or contracted to be given is less than [one] TWO hundred [ten] dollars per article of clothing, per pair of shoes or other articles of footwear or per item used or consumed to make or repair such clothing and which becomes a physical component part of such clothing. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03041-01-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.