Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Impact
If enacted, A09667 will directly impact the economic framework surrounding recreational ski facilities in New York. The tax exemptions provided under this bill can lead to reduced operating expenses for ski resorts and similar establishments, encouraging them to invest in modern, energy-efficient technologies. In turn, this could lead to improved sustainability practices within the industry, while also streamlining the production of snow necessary for winter sports activities.
Summary
Bill A09667 aims to amend New York's tax law by granting sales and compensating use tax exemptions for specific tangible personal property and services utilized in the operation of recreational skiing facilities. The bill specifically focuses on energy-efficient equipment crucial for snow production, grooming, and ski lift operations. By promoting the use of such equipment through tax incentives, A09667 seeks to foster an eco-friendly ski industry while potentially reducing operational costs for ski facilities, thus enhancing their competitiveness.
Contention
Notable points of contention surrounding this bill may emerge from the implications of tax exemption policies on public revenue. Supporters of A09667 argue that such incentives are essential for a growing recreational sector, particularly in today’s climate where environmental sustainability is increasingly prioritized. Conversely, critics may argue that tax exemptions can lead to shortfalls in state revenue, questioning the long-term financial impacts on public services funded by these taxes.
Same As
Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Grants an exemption for the purchase of energy efficient snow making equipment, ski lift equipment, snow grooming equipment, and the production of snow by a recreational ski facility from state sales and compensating use tax.
Requires children under the age of eighteen to wear protective headgear while skiing or snowboarding; imposes civil fines for violations thereof; applies safety in skiing code requirements to snowboarders and snowboarding.
Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; repeals provisions relating to the exemption from sales and compensating use taxes of general aviation aircraft, and machinery or equipment to be installed on such aircraft.