QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 52, No. 5, May 2012, Posted On: 4/11/2012


NY Assembly Passes Budget Without Vend Sales Tax Exemption Hike


Tim Sanford
Editor@vendingtimes.net
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.


Topic: Vending Features

Articles:
  • Patterson Co. Acquires Suchart Vend Brokerage
  • NY Lawmaker Wants To Ban Large-Size Soda Sales To Minors
  • Moneris Completes EMV Certification Of Verifone's Unattended Payment Solutions
  • Connecticut's Vending Association To Host Oct. 8 Golf Outing And Dinner
  • FTC Charges Vemma Is Pyramid Scheme; Lawsuit Temporarily Shuts Down Energy Drink Maker

Copyright © 2015 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