Repeals sales and compensating use taxes on vessels in New York.

This bill repeals sales and compensating use taxes imposed on vessels in New York. Specifically, it removes subdivision (jj) of section 1115 and subdivision 13 of section 1118 of the tax law, both of which were added by the laws of 2015. The repeal takes effect on January 1 of the year following the bill's enactment.

Repeals sales and compensating use taxes on vessels in New York.

This bill repeals sales and compensating use taxes imposed on vessels in New York. Specifically, it removes subdivision (jj) of section 1115 and subdivision 13 of section 1118 of the tax law, both of which were added by the laws of 2015. The repeal takes effect on January 1 of the year following the bill's enactment.