A 4480 —

Compared against the New York Consolidated Laws as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the New York Consolidated Laws: Section 1115 of the tax law.

• Section 1115 of the tax law

  article article article → (47) Products purchased for less than five hundred dollars commencing on the fourth Friday in November and ending on the twenty-sixth day in December. For the purposes of this paragraph the term "products" shall include but not be limited to: (A) clothing, footwear, jewelry, handbags, book bags, backpacks, luggage, wallets, watches; (B) sporting goods, camping equipment; (C) tools used for home improvement, automotive maintenance and repair; (D) books, journals, paper, writing instruments, art supplies, greet- ing cards, post cards, paintings, drawings, photographs, sculptures, pottery, textiles; (E) plants, floral arrangements; (F) cosmetics, personal grooming items; (G) musical instruments, cookware, small home appliances for residen- tial use; (H) bedding, towels, bath accessories; (I) furniture; and (J) toys, games, video games, video game consoles, any associated accessories for video game consoles, home electronics, computers, phones, tablets, stereo equipment. italics (12) Except as otherwise provided by law, the exemption provided in paragraph forty-seven of subdivision (a) of section eleven hundred fifteen of this article relating to products purchased for less than five hundred dollars shall be applicable pursuant to a local law, ordi- nance or resolution adopted by a city subject to the provisions of this section. Such city is empowered to adopt or repeal such a local law, ordinance or resolution. Such adoption or repeal shall also be deemed to amend any local law, ordinance or resolution enacted by such a city imposing taxes pursuant to the authority of subdivision (a) of section twelve hundred ten of this chapter. Any local law, ordinance or resolution enacted by any city, county or school district, imposing the taxes authorized by this subdivision, shall omit the products purchased for less than five hundred dollars exemption provided for in paragraph forty-seven of subdivision (a) of section eleven hundred fifteen of this chapter, unless such city, county or school district elects otherwise; provided that if such a city having a population of one million or more enacts the resolution described in subdivision (q) of this section or repeals such resolution, such resol- ution or repeal shall also be deemed to amend any local law, ordinance or resolution enacted by such a city imposing such taxes pursuant to the authority of this subdivision, whether or not such taxes are suspended at the time such city enacts its resolution pursuant to subdivision (q) of this section or at the time of any such repeal; provided, further, that any such local law, ordinance or resolution and section eleven hundred seven of this chapter, as deemed to be amended in the event a city of one million or more enacts a resolution pursuant to the authori- ty of subdivision (q) of this section, shall be further amended, as provided in section twelve hundred eighteen of this subpart, so that the products purchased for less than five hundred dollars exemption in any such local law, ordinance or resolution or in such section eleven hundred seven of this chapter is the same as the products purchased for less than five hundred dollars exemption in paragraph forty-seven of subdivision (a) of section eleven hundred fifteen of this chapter. (iii) Any local law, ordinance or resolution enacted by any city, county or school district, imposing the taxes authorized by this subdivision, shall omit the residential solar energy systems equipment and electric- ity exemption provided for in subdivision (ee) of section eleven hundred fifteen of this chapter, the commercial solar energy systems equipment and electricity exemption provided for in subdivision (ii) and the clothing and footwear exemption provided for in paragraph thirty of subdivision (a) of section eleven hundred fifteen of this chapter, unless such city, county or school district elects otherwise as to either such residential solar energy systems equipment and electricity exemption, such commercia

  amended