Repeals subdivision (jj) of section 1115 of the tax law and subdivision 13 of section 1118 of the tax law relating to sales and compensating use taxes imposed with respect to vessels

This bill removes two specific tax provisions that previously imposed sales and compensating use taxes on vessels. By repealing these sections, the legislation eliminates the requirement for certain boat purchases and uses to be subject to these specific taxes. The changes directly affect individuals and businesses involved in the sale or use of boats who would no longer need to pay under the old rules. This adjustment will take effect starting January 1st of the year following the bill's enactment.