QUICK LINKS: Vending Videos  | Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:    

Bookmark this site




Issue Date: Vol. 50, No. 7, July 2010, Posted On: 7/14/2010


NY Maintains 75¢ Vending Sales Tax Exemption


Emily Jed
Emily@vendingtimes.net
New York vending operators, repeal of vending tax exemption, New York State Automatic Vending Association, Mike Esposito, Prestige Services, vending, vending machine business, vending machine, automatic merchandising, coin-op news, vending news, vending machine tax exemption, William Magee, bill A.7679a, David Valesky

ALBANY, NY -- New York vending operators have escaped a repeal of the current vending tax exemption that was under consideration by the state Legislature, according to New York State Automatic Vending Association president Mike Esposito, Prestige Services (Clifton Park, NY).

However, despite NYSAVA's efforts to convince lawmakers to vote in favor of raising the existing exemption to apply to vended food and beverages priced at $1 or less, the Legislature decided to maintain the current exemption for items priced at 75¢ or less.

In 2000, lawmakers exempted food and beverage items sold in vending machines for 75¢ or less from state sales tax to help the vending industry remain competitive with over-the-counter outlets.

In recent months, NYSAVA has been enlisting its members to support two bills -- sponsored by William Magee in the Assembly (A.7679a) and David Valesky in the Senate (S.4280a) -- which propose to amend the New York state tax law to exempt food and beverages sold through vending machines for $1 or less.

Separately, New York's vending operators celebrated another hard-won victory in June, when lawmakers passed a budget that did not include the 1¢-per-fl.oz. sweetened beverages tax proposed by Gov. David Paterson to help close the state's budget deficit. See story.


Topic: Vending Features

Articles:
  • Rumor: Apple To Enter Mobile Payments Space With NFC-Enabled iPhone 6
  • Hershey Updates Company Logo
  • Micromarkets Are HUMAN's Point Of Entry To B&I Accounts
  • Apriva Partners With China’s GoCoin To Support Digital Payments In Vending And Amusements
  • ShelfX's Unmanned Convenience Store Makes Grand Opening In Las Vegas Showroom

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570