§ 1105-B — Exemptions for certain parts, tools, supplies and services relating to tangible personal property used or consumed in production

New York § 1105-B

• Jurisdiction: New York
• Law TAX: Tax
• Part 2: Imposition of Taxes
• Art. 28: Sales and Compensating Use Taxes

Text

§ 1105-B. Exemptions for certain parts, tools, supplies and services\nrelating to tangible personal property used or consumed in production.\nNotwithstanding any other provisions of this article: (a) Receipts from\nthe retail sales of parts with a useful life of one year or less, tools\nand supplies for use or consumption directly and predominantly in the\nproduction of tangible personal property, gas, electricity,\nrefrigeration or steam for sale by manufacturing, processing,\ngenerating, assembling, refining, mining or extracting shall be exempt\nfrom the tax imposed by subdivision (a) of section eleven hundred five\nof this article.\n (b) Receipts from every sale of the services of installing, repairing,\nmaintaining or servicing the tangible personal property described in\nparagraph twelve of subdivision (a) of section eleven hundred fifteen of\nthis article, including the parts with a useful life of one year or\nless, tools and supplies described in subdivision (a) of this section,\nto the extent subject to such tax, shall be exempt from the tax on sales\nimposed under subdivision (c) of section eleven hundred five of this\narticle.\n (c) Parts with a useful life of one year or less, tools and supplies\ndescribed in subdivision (a) of this section and services described in\nsubdivision (b) of this section shall be exempt from the compensating\nuse tax imposed by section eleven hundred ten of this article.\n