New York S00833 amends the tax law to exempt drugs and medicines for companion and farm animals from state sales and compensating use taxes.

New York S00833 amends the tax law to exempt drugs and medicines intended for use in companion animals and farm animals from state sales and compensating use taxes. Cities with a population of one million or more can enact a resolution to provide this exemption. The resolution must be sent to the commissioner of taxation and finance at least 90 days before it becomes effective. The commissioner can reduce this notice period to 30 days if deemed appropriate. The exemption applies to sales and uses occurring on and after the effective date of the resolution.

New York S00833 amends the tax law to exempt drugs and medicines for companion and farm animals from state sales and compensating use taxes.

New York S00833 amends the tax law to exempt drugs and medicines intended for use in companion animals and farm animals from state sales and compensating use taxes. Cities with a population of one million or more can enact a resolution to provide this exemption. The resolution must be sent to the commissioner of taxation and finance at least 90 days before it becomes effective. The commissioner can reduce this notice period to 30 days if deemed appropriate. The exemption applies to sales and uses occurring on and after the effective date of the resolution.