New York Senate Bill S05955 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 5955--A 2023-2024 Regular Sessions  IN SENATE March 23, 2023 ___________ Introduced by Sens. CHU, GOUNARDES, RYAN, SCARCELLA-SPANTON -- 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 exempting books, magazines, pamphlets and other related items sold at certain book fairs from sales and compensating use taxes The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (a) of section 1115 of the tax law is amended 2 by adding a new paragraph 47 to read as follows: 3 (47) Books, magazines, pamphlets and other related items sold at a 4 primary or secondary school facility or at a library at a book fair 5 organized, hosted or sponsored by an organization established for educa- 6 tional purposes as described in paragraph four of subdivision (a) of 7 section one thousand one hundred sixteen of this part, including but not 8 limited to a parent-teacher association, booster club, a similar school- 9 based association which supports school activities, or a friends of the 10 library organization. 11 § 2. This act shall take effect on the first day of a sales tax quar- 12 terly period, as described in subdivision (b) of section 1136 of the tax 13 law, beginning at least ninety days after the date this act shall have 14 become a law and shall apply to sales made on or after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10364-02-3