| Amends chapter 101 of the laws of 2004 relating to the suspension and the effectiveness of exemptions of certain clothing and footwear from sales and compensating use taxes imposed by or pursuant to the authority of Article 28 or 29 of the tax law; amends chapter 62 of the laws of 2003 amending the general business law and other laws relating to implementing the state fiscal plan for the 2003-2004 state fiscal year, in relation to the effectiveness thereof; amends the tax law, in relation to exemptions from sales and compensating use taxes for certain clothing and footwear and to authorize a county or city to repeal its election of the year-round clothing and footwear exemption from its sales and compensating use taxes or to elect to provide such exemption, effective June 1, 2005 (Part A); amends the public housing law, in relation to providing a credit against income tax for persons or entities investing in low-income housing (Part B); amends the tax law, in relation to certain tax surcharges (Part C); amends the tax law and chapter 389 of the laws of 1997 amending the tax law, the banking law, and other laws relating to the 1997-1998 fiscal plan, in relation to extending certain tax credits and exemptions for alternative fuel vehicles (Part D); amends the tax law, in relation to changing the fixed dollar minimum tax for a taxpayer based on the taxpayer's gross payroll (Part E); amends the tax law, in relation to modifying hearing rights upon certain notice and demands for taxes due and owing and providing for notice and demand procedures for the sales, compensating use and miscellaneous taxes (Part F); amends chapter 298 of the laws of 1985 amending the tax law relating to the franchise tax on banking corporations imposed by the tax law, authorized to be imposed by any city having a population of one million or more by chapter 772 of the laws of 1966 and imposed by the administrative code of the city of New York and relating to other provisions of the tax law, chapter 883 of the laws of 1975 and the administrative code of the city of New York which relates to such franchise tax, amends chapter 817 of the laws of 1987 amending the tax law and the environmental conservation law, constituting the business tax reform and rate reduction act of 1987, and amends chapter 525 of the laws of 1988 amending the tax law and the administrative code of the city of New York relating to the imposition of taxes in the city of New York, in relation to the effectiveness of certain provisions of such chapters; and amends the tax law, in relation to permitting certain banking corporations otherwise subject to tax under article 32 of the tax law to make an election to be taxed under article 9-A of such law; and amends the administrative code of the city of New York, in relation to permitting certain banking corporations otherwise subject to tax under subchapter 3 of chapter 6 of title 11 of the administrative code of the city of New York to be taxed under subchapter 2 of such code (Part G); amends the tax law, in relation to the taxation of gains from the sale of shares in a cooperative housing corporation by a nonresident of the state (Part H); amends the tax law, in relation to changing the date interest begins to run under article 26 of such law for certain late estate tax payments, changing the calculation of the estate tax for estates with property both in New York and in another state, and repealing article 10 of such law relating to taxable transfers (Part I); amends the tax law, in relation to reducing the tax on aviation fuel businesses under article 13-A thereof (Part J); amends the alcoholic beverage control law, in relation to sales for off-premises consumption; and repeals certain provisions of such law relating thereto (Part K); amends the tax law, in relation to exempting parts used exclusively to maintain, repair, overhaul or rebuild aircraft or services associated therewith from the sales and compensating use tax; and provides for the repeal of such provisions upon the expiration thereof (Part L); amends the tax law, in relation to providing refunds and credits of sales and compensating use taxes imposed by article 28 of such law and pursuant to the authority of article 29 thereof and paid with respect to certain vessels used to provide local transit service and certain related property and services (Part M); amends the tax law, in relation to compliance with sales and compensating use tax obligations by certain contractors, subcontractors and their affiliates (Part N); amends the general municipal law in relation to extending the effectiveness of empire zones (Part O); amends the tax law, in relation to providing tax credits for certain costs incurred in film and television productions and providing for the repeal of such provisions upon expiration thereof (Part P); amends the tax law, in relation to wraparound mortgages and supplemental mortgages in the city of New York (Part Q); amends the tax law and the administrative code of the city of New York, in relation to crediting tax overpayments against outstanding tax debt owed to the city of New York (Part R); amends the administrative code of the city of New York, in relation to disallowing, for purposes of the general corporation tax, banking corporation tax and unincorporated business income tax, certain excess deductions with respect to sport utility vehicles (Part S); amends the administrative code of the city of New York, in relation to payment of real property taxes by electronic funds transfer (Part T); amends the administrative code of the city of New York, in relation to setting interest rates for overpayments of the New York city unincorporated business tax and the tax on foreign and alien insurers (Part U); amends the real property tax law, in relation to a rebate of real property taxes on certain residential real property in a city having a population of one million or more and amends the tax law, in relation to authorizing any city having a population of one million or more to provide an earned income tax credit against the personal income tax of such city (Part V); amends the general business law, in relation to rental vehicle protections and authorized charges that are in addition to the rental rate (Part W); amends chapter 405 of the laws of 1999 amending the real property tax law relating to improving the administration of the school tax relief (STAR) program and other laws, in relation to the lottery game of Quick Draw (Part X); amends chapter 349 of the laws of 1982 amending the multiple dwelling law relating to the legalization of interim multiple dwellings in cities of over one million, in relation to extending provisions thereof and amends the multiple dwelling law, in relation to owner compliance (Part Y). |
