New York S07878 amends the sales tax law to exempt admission charges up to $1,000 for dramatic or musical arts performances, live circus.

New York S07878 amends the tax law to modify the imposition of sales tax on admission charges. Specifically, it exempts admission charges up to $1,000 for dramatic or musical arts performances, live circus performances, and motion picture theaters. This change applies to admissions where the charge does not exceed $1,000, while other admissions over ten cents remain taxable. The amendment takes effect 90 days after the act becomes law, following transitional provisions.

New York S07878 amends the sales tax law to exempt admission charges up to $1,000 for dramatic or musical arts performances, live circus.

New York S07878 amends the tax law to modify the imposition of sales tax on admission charges. Specifically, it exempts admission charges up to $1,000 for dramatic or musical arts performances, live circus performances, and motion picture theaters. This change applies to admissions where the charge does not exceed $1,000, while other admissions over ten cents remain taxable. The amendment takes effect 90 days after the act becomes law, following transitional provisions.