New York S 3727: Relates to capital gains taxes

Bill Text

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S03727 Summary:

BILL NOS03727 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORLANZA

&nbsp

COSPNSRMURRAY

&nbsp

MLTSPNSR

&nbsp

Amd §1115, Tax L

&nbsp

Exempts clothing and footwear sold in New York city from all state and local sales taxes including items used or consumed to make or repair such clothing and which becomes a physical component part of such clothing.

Go to top S03727 Actions:

BILL NOS03727 

&nbsp

01/29/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS03727 Committee&nbspVotes:

Go to topS03727 Floor&nbspVotes:

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

Go to topS03727 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3727

 2025-2026 Regular Sessions

 IN SENATE

 January 29, 2025
 ___________

 Introduced by Sens. LANZA, MURRAY -- read twice and ordered printed, and
 when printed to be committed to the Committee on Investigations and
 Government Operations

 AN ACT to amend the tax law, in relation to sales tax on clothing and
 footwear in cities with a population of one million or more

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

 1 Section 1. Paragraph 30 of subdivision (a) of section 1115 of the tax
 2 law, as amended by section 84 of part A of chapter 56 of the laws of
 3 1998, is amended to read as follows:
 4 (30) Clothing and footwear for which the receipt or consideration
 5 given or contracted to be given is less than one hundred ten dollars per
 6 article of clothing, per pair of shoes or other articles of footwear or
 7 per item used or consumed to make or repair such clothing and which
 8 becomes a physical component part of such clothing; provided, however,
 9 that in a city with a population of one million or more all clothing and
 10 footwear and items used or consumed to make or repair such clothing and
 11 which becomes a physical component part of such clothing regardless of
 12 cost shall be exempt from the taxes imposed under sections eleven
 13 hundred five and eleven hundred ten of this article.
 14 § 2. This act shall take effect on the first of January next succeed-
 15 ing the date on which it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07491-01-5

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