New York A 10612: Provides for a special district meeting for a school budget revote

Bill Text

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A10612 Summary:

BILL NOA10612 

&nbsp

SAME ASSAME AS S05154-A

&nbsp

SPONSORShrestha

&nbsp

COSPNSRSimon

&nbsp

MLTSPNSR

&nbsp

Add Art 28-E §§1199 - 1199-d, Tax L; add §97-uuuu, St Fin L

&nbsp

Imposes a special tax of three-tenths of one percent or one dollar, whichever is greater, on the receipts from the sale of art, antique furniture or antique jewelry at auction; establishes the art education fund to provide assistance for art education and art supplies at the kindergarten through twelfth grade levels at Title I public schools.

Go to top A10612 Actions:

BILL NOA10612 

&nbsp

03/13/2026referred to ways and means

Go to topA10612 Committee&nbspVotes:

Go to topA10612 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10612 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10612

 IN ASSEMBLY

 March 13, 2026
 ___________

 Introduced by M. of A. SHRESTHA -- read once and referred to the Commit-
 tee on Ways and Means

 AN ACT to amend the tax law, in relation to imposing a special tax on
 artwork, antique furniture, and antique jewelry sold at auction; and
 to amend the state finance law, in relation to establishing the art
 education fund

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The tax law is amended by adding a new article 28-E to read
 2 as follows:
 3 ARTICLE 28-E
 4 SPECIAL TAX ON ARTWORK, ANTIQUE FURNITURE, AND ANTIQUE JEWELRY
 5 SOLD AT AUCTION
 6 Section 1199. Definitions.
 7 1199-a. Imposition of special tax.
 8 1199-b. Administrative provisions.
 9 1199-c. Deposit and disposition of revenue.
 10 1199-d. Rules and regulations.
 11 § 1199. Definitions. As used in this article, the following terms
 12 shall have the following meanings:
 13 (a) "Art" shall be a work of art, artwork, art piece, piece of art or
 14 art object that is an aesthetic physical item or artistic creation.
 15 (b) "Antique furniture" shall be furniture created over one hundred
 16 twenty-five years ago.
 17 (c) "Antique jewelry" shall be jewelry created over one hundred twen-
 18 ty-five years ago.
 19 (d) "Auction" includes any auction taking place in the state or being
 20 managed by an entity that has a New York tax resale certificate or has
 21 an auctioneer's license in any locality that requires it within the
 22 state.
 23 § 1199-a. Imposition of special tax. In addition to any other tax
 24 imposed by this chapter or other law, there is hereby imposed a tax of
 25 three-tenths of one percent or one dollar, whichever is greater, on the
 26 receipts from the sale of art, antique furniture or antique jewelry at

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09987-05-6

 A. 10612 2

 1 auction. The tax is imposed on the purchaser and shall be collected by
 2 the entity conducting the auction at the time of sale, provided however,
 3 that where the tax imposed pursuant to this section is not collected by
 4 the entity conducting the auction the purchaser shall remit such tax
 5 directly to the commissioner.
 6 § 1199-b. Administrative provisions. Every person required to collect
 7 or pay the tax imposed under section eleven hundred ninety-nine-a of
 8 this article shall file a return and pay such tax required to be
 9 collected to the commissioner of taxation and finance on or before the
 10 twentieth day after the close of the quarterly period in which the sale
 11 took place.
 12 § 1199-c. Deposit and disposition of revenue. The taxes collected or
 13 received by the commissioner under this article shall be deposited in
 14 the art education fund established pursuant to section ninety-seven-uuuu
 15 of the state finance law and disposed of pursuant to the provisions of
 16 such section.
 17 § 1199-d. Rules and regulations. The commissioner shall promulgate all
 18 rules and regulations necessary to carry out the provisions of this
 19 article.
 20 § 2. The state finance law is amended by adding a new section 97-uuuu
 21 to read as follows:
 22 § 97-uuuu. Art education fund. 1. As used in this section, the
 23 following terms shall have the following meanings:
 24 (a) "Art education" shall include the following activities: p