Imposes a special tax on artwork, antique furniture, and antique jewelry sold at auction and establishes the art education fund

Summary

The bill adds a 0.3% tax – or $1, whichever is higher – on purchases of artwork, antique furniture and antique jewelry sold at auction in New York. The auctioneer must collect the tax and send it to the state, where it will be placed in a new Art Education Fund. The fund will provide grants to public schools that receive Title I federal aid for art supplies and programs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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