A 6467: Increases the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation.

  
  STATE OF NEW YORK ________________________________________________________________________ 6467 2025-2026 Regular Sessions  IN ASSEMBLY March 5, 2025 ___________ Introduced by M. of A. HUNTER, MAGNARELLI, HYNDMAN, LUPARDO, RAMOS, WEPRIN -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to increasing the sale price threshold for food and drink sold in vending machines to be exempt from certain taxation The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (B) of paragraph 1 of subdivision (a) of 2 section 1115 of the tax law, as amended by section 1 of part J of chap- 3 ter 59 of the laws of 2024, is amended to read as follows: 4 (B) Until May thirty-first, two thousand [twenty-five] twenty-six, the 5 food and drink excluded from the exemption provided by clauses (i), (ii) 6 and (iii) of subparagraph (A) of this paragraph, and bottled water, 7 shall be exempt under this subparagraph: (i) when sold for [one dollar 8 and fifty cents] three dollars or less through any vending machine that 9 accepts coin or currency only; or (ii) when sold for [two] three dollars 10 and fifty cents or less through any vending machine that accepts any 11 form of payment other than coin or currency, whether or not it also 12 accepts coin or currency. 13 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09676-01-5