Issue Date: Vol. 52, No. 7, July 2012, Posted On: 6/26/2012
NY Assembly OKs Sales Tax Relief; Bill Awaits Governor's Signature
by Staff Reporter
Assembly Bill 05718l, vending machine tax exemption, New York State Automatic Vending Association, National Automatic Merchandising Association. Brian W. Gill, Next Generation Vending,
ALBANY, NY -- The New York State Assembly has passed a bill that amends the tax law to exempt from sales tax items sold through a vending machine for a price of $1.50 or less, according to a report from the New York State Automatic Vending Association.
The tax relief legislation, Assembly Bill 05718l, updates a measure that raised the exemption on vended sales to 75¢, enacted in 2000, to assist the vending industry to remain competitive with other retail channels.
A companion measure, Senate Bill 3445, already had been approved by the Senate. With both houses concurring, the bill now awaits only signing by Gov. Andrew Cuomo.
NYSAVA is an affiliated state council of the National Automatic Merchandising Association. Brian W. Gill, Next Generation Vending (Canastota, NY), is president of the state association.