New York State Assembly, New York State Automatic Vending Association, NY state vending machine tax exemption, William Magee, National Automatic Merchandising Association, vending food tax, New York beverage tax
ALBANY, NY -- The New York State Assembly has passed a budget bill that does not include the proposed 75¢ increase in the tax exemption on vended sales advocated by the New York State Automatic Vending Association. The present longstanding exemption excludes vended sales at 75¢ or less from state sales tax; the proposal would recognize current economic realities by upping it to $1.50.
NYSAVA's legislative affairs consultant has spoken with Assemblyman William Magee (D-Oneida), who sponsored the measure and who indicated that he will attempt to introduce the change as a standalone bill when the session resumes on April 17.
The National Automatic Merchandising Association (Chicago) reports that its New York state council hopes to organize a "lobby day" in Albany during which industry members can meet with Assembly Speaker Sheldon Silver (D-Brooklyn) to support increasing the tax exemption.