New York S01115 amends the tax law to set the sales tax rate at two percent for goods or services purchased from small businesses.

New York S01115 amends the tax law to reduce the sales tax rate to two percent for sales of goods or services from businesses that employ twenty or fewer people, are resident in the state, are independently owned and operated, and are not dominant in their field. The change will take effect at least 90 days after the bill becomes law, applying according to the transitional provisions of sections 1106 and 1217 of the tax law.

New York S01115 amends the tax law to set the sales tax rate at two percent for goods or services purchased from small businesses.

New York S01115 amends the tax law to reduce the sales tax rate to two percent for sales of goods or services from businesses that employ twenty or fewer people, are resident in the state, are independently owned and operated, and are not dominant in their field. The change will take effect at least 90 days after the bill becomes law, applying according to the transitional provisions of sections 1106 and 1217 of the tax law.