New York Tax Law (Consolidated Laws)
N.Y. Tax Law § 27
Suspension of tax-exempt status of terrorist organizations
§ 27. Suspension of tax-exempt status of terrorist organizations.
# 1.
An organization that is removed from the tax-exempt organizations list by the internal revenue service pursuant to subsection (p) of section 501 of title 26 of the United States Code shall not be exempt from any tax, fee or other imposition administered by the commissioner, and it shall also not be an exempt organization with respect to any sale, transfer or assignment, beginning on the later of November eleventh, two thousand three, or the date that the internal revenue service publishes revocation of the organization's tax-exempt status. In the case of any personal income or corporate franchise tax imposed under or pursuant to the authority of this chapter, such revocation of exempt status shall apply with respect to the entire taxable year in which the date of revocation occurs and to subsequent taxable years.
# 2.
An organization whose tax-exempt status has been revoked pursuant to subdivision one of this section and whose tax-exempt status is later restored by the internal revenue service shall be required to submit a new application or applications and be approved before any such status shall be restored with respect to any such tax, fee or other imposition administered by the commissioner.
# 3.
An organization whose tax-exempt status is suspended pursuant to subdivision one of this section shall have the right to appeal the determination using the procedure prescribed by article forty of this chapter or otherwise prescribed pursuant to this chapter, provided that the organization cannot challenge the merits of the determination made by the internal revenue service.
# 4.
If an organization makes a sale of property or services on or after the date its exempt status has been revoked under subdivision one of this section, such sale shall be taxable; and the organization shall be required to collect, pay or pay over any tax due on any such sale on or after such date. If such organization fails to collect tax on any such sale, the purchaser shall owe any tax due and shall pay it directly to the commissioner in accordance with applicable law; provided, however, that, if such purchaser does not have knowledge that such organization's exempt status has been revoked, then such purchaser shall not be liable for any penalty or interest for failing to file a return or to pay such tax if such purchaser files such a return and pays such tax due within thirty days of the date that such purchaser learns that the tax is owed on such purchase.
Source: view the official text
In this article (40 sections)
- 13 · Exemption from taxation for victims or targets of Nazi persecution
- 14 · Empire zones program
- 14-A · IMB credit for energy taxes
- 15 · QEZE credit for real property taxes
- 16 · QEZE tax reduction credit
- 17 · Empire zones tax benefits report
- 18 · Low-income housing credit
- 19 · Green building credit
- 20 · Credit for transportation improvement contributions
- 21 · Brownfield redevelopment tax credit
- 21*2 · Disclosure of taxpayer information in cases involving abandoned…
- 22 · Tax credit for remediated brownfields
- 23 · Environmental remediation insurance credit
- 24 · Empire state film production credit
- 24-A · Musical and theatrical production credit
- 24-B · Television writers' and directors' fees and salaries credit
- 24-C · New York city musical and theatrical production tax credit
- 24-D · Empire state independent film production credit
- 25 · Disclosure of certain transactions and related information
- 26 · Security training tax credit
- 27 · Suspension of tax-exempt status of terrorist organizations
- 28 · Empire state commercial production credit
- 28*2 · Biofuel production credit
- 29 · Mandatory electronic filing and payment
- 30 · Bad check or failed electronic funds withdrawal fee
- 31 · Excelsior jobs program credit
- 31*2 · Empire state film post production credit
- 32 · Registration of tax return preparers
- 33 · Correction periods for electronic tax documents and payments
- 33*2 · Temporary deferral of certain tax credits
- 34 · Tax return preparers and software companies not to charge…
- 34*2 · Temporary deferral payout credits
- 35 · Use of electronic means of communication
- 35*2 · Economic transformation and facility redevelopment program tax…
- 36 · Empire state jobs retention program credit
- 37 · Alcoholic beverage production credit
- 38 · New York innovation hot spot program tax benefits
- 38*2 · Minimum wage reimbursement credit
- 39 · Tax benefits for businesses located in tax-free NY areas and…
- 39-A · Penalties for fraud in the START-UP NY program