Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Summary
Bill A03612 proposes amendments to the New York tax law to grant sales and compensating use tax exemptions for specific tangible personal property and services used in the operation of recreational skiing facilities. The bill specifically targets energy-efficient equipment used for snow production, uphill transportation of skiers, and snow grooming and maintenance. This legislation aims to support the skiing industry by reducing operational costs associated with energy consumption and equipment purchases.
Impact
If enacted, this bill would exempt certain energy-efficient tangible personal property and services from state sales and compensating use taxes, thereby lowering the tax burden on ski facilities. This change could encourage investment in energy-efficient technologies within the skiing industry, potentially leading to enhanced operational efficiency and sustainability practices.
Sentiment
The general sentiment surrounding Bill A03612 appears to be supportive among stakeholders in the skiing industry, as it addresses their operational costs and promotes energy efficiency. However, there may be concerns from fiscal conservatives regarding the impact of tax exemptions on state revenue.
Contention
Notable points of contention may arise from differing opinions on the fiscal implications of tax exemptions. Proponents argue that supporting the skiing industry through tax relief is essential for economic growth and sustainability, while opponents may express concerns about the potential loss of tax revenue and the prioritization of one industry over others.
Same As
Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Requires children under the age of eighteen to wear protective headgear while skiing or snowboarding; imposes civil fines for violations thereof; applies safety in skiing code requirements to snowboarders and snowboarding.
To Create A Sales And Use Tax Exemption For Parts Purchased To Repair Agricultural Equipment And Machinery And Timber Equipment And Machinery And Parts And Services Purchased To Repair A Grain Bin.