Senate BillIntroduced
S 3874: Relates to sales and compensating use taxes imposed with respect to vessels.
What S 3874 does, verified May 29, 2025
The bill repeals two tax-related provisions in the state tax law. The first provision, which was added in 2015, removes sales and compensating use taxes imposed with respect to vessels. The second provision also added in 2015, removes sales and compensating use taxes imposed with respect to vessels. These changes will take effect on June 1, 2025.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REPORTED AND COMMITTED TO FINANCE (2025-05-28)Alert me
Author and sponsors
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| May. 28, 2025 | REPORTED AND COMMITTED TO FINANCE |
| Jan. 30, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, January 30, 2025 · 205 words
STATE OF NEW YORK ________________________________________________________________________ 3874 2025-2026 Regular Sessions IN SENATE January 30, 2025 ___________ Introduced by Sens. HOYLMAN-SIGAL, RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to repeal subdivision (jj) of section 1115 of the tax law relat- ing to sales and compensating use taxes imposed with respect to vessels; and to repeal subdivision 13 of section 1118 of the tax law relating to sales and compensating use taxes imposed with respect to vessels The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (jj) of section 1115 of the tax law, as added 2 by section 1 of part SS of chapter 59 of the laws of 2015, is REPEALED. 3 § 2. Subdivision 13 of section 1118 of the tax law, as added by 4 section 2 of part SS of chapter 59 of the laws of 2015, is REPEALED. 5 § 3. This act shall take effect June 1, 2025. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03124-01-5
Text of S 3874 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions