New York S 4601: Establishes that instruction in financial education be provided to pupils in grades nine, ten, eleven or twelve

Bill Text

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S04601 Summary:

BILL NOS04601A

&nbsp

SAME ASSAME AS A06876-A

&nbsp

SPONSORGOUNARDES

&nbsp

COSPNSRRHOADS

&nbsp

MLTSPNSR

&nbsp

Amd §§1115 & 1210, Tax L

&nbsp

Exempts basic school supplies from sales tax during the 15 day period prior to Labor day.

Go to top S04601 Actions:

BILL NOS04601A

&nbsp

02/10/2025REFERRED TO BUDGET AND REVENUE

03/12/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO BUDGET AND REVENUE

02/10/2026REPORTED AND COMMITTED TO FINANCE

04/01/2026AMEND AND RECOMMIT TO FINANCE

04/01/2026PRINT NUMBER 4601A

Go to topS04601 Committee&nbspVotes:

Go to topS04601 Floor&nbspVotes:

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

Go to topS04601 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4601--A

 2025-2026 Regular Sessions

 IN SENATE

 February 10, 2025
 ___________

 Introduced by Sens. GOUNARDES, RHOADS -- read twice and ordered printed,
 and when printed to be committed to the Committee on Budget and Reven-
 ue -- recommitted to the Committee on Budget and Revenue in accordance
 with Senate Rule 6, sec. 8 -- reported favorably from said committee
 and committed to the Committee on Finance -- committee discharged,
 bill amended, ordered reprinted as amended and recommitted to said
 committee

 AN ACT to amend the tax law, in relation to exempting school supplies
 from sales tax during a specified period each year

 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) School supplies or items commonly used by a student in a course
 4 of study for which the receipt or consideration given or contracted to
 5 be given is less than one hundred ten dollars for the total purchase,
 6 which shall include, but not be limited to, book bags or backpacks,
 7 textbooks, pens, pencils, highlighters, crayons, markers, erasers, index
 8 cards, paper, notebooks, binders, folders, scissors, rulers, and calcu-
 9 lators. Only the purchases made during the fifteen-day period commencing
 10 on the fifteenth day immediately preceding the first Monday in Septem-
 11 ber, known as Labor Day, and ending on Labor Day, during each calendar
 12 year shall be exempt under this paragraph.
 13 § 2. Paragraph 1 of subdivision (a) of section 1210 of the tax law, as
 14 amended by section 5 of part J of chapter 59 of the laws of 2021, is
 15 amended to read as follows:
 16 (1) Either, all of the taxes described in article twenty-eight of this
 17 chapter, at the same uniform rate, as to which taxes all provisions of
 18 the local laws, ordinances or resolutions imposing such taxes shall be
 19 identical, except as to rate and except as otherwise provided, with the
 20 corresponding provisions in such article twenty-eight, including the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05617-04-6

 S. 4601--A 2

 1 definition and exemption provisions of such article, so far as the
 2 provisions of such article twenty-eight can be made applicable to the
 3 taxes imposed by such city or county and with such limitations and
 4 special provisions as are set forth in this article. The taxes author-
 5 ized under this subdivision may not be imposed by a city or county
 6 unless the local law, ordinance or resolution imposes such taxes so as
 7 to include all portions and all types of receipts, charges or rents,
 8 subject to state tax under sections eleven hundred five and eleven
 9 hundred ten of this chapter, except as otherwise provided. Notwith-
 10 standing the foregoing, a tax imposed by a city or county authorized
 11 under this subdivision shall not include the tax imposed on charges for
 12 admission to race tracks and simulcast facilities under subdivision (f)
 13 of section eleven hundred five of this chapter. (i) Any local law, ordi-
 14 nance or resolution enacted by any city of less than one million or by
 15 any county or school district, imposing the taxes authorized by this
 16 subdivision, shall, notwithstanding any provision of law to the contra-
 17 ry, exclude from the operation of such local taxes all sales of tangible
 18 pe