[Adopted 11-20-2000 by L.L. No. 2-2000]
Receipts from sales of and consideration given or contracted to be given for, or for the use of, property and services exempt from state sales and compensating use taxes pursuant to Subdivision (z) of § 1115 of the New York Tax Law shall also be exempt from sales and compensating use tax taxes imposed in this jurisdiction.
This article shall take effect March 1, 2001, and shall apply to sales made, services rendered and uses occurring on and after that date in accordance with the applicable transitional provisions in §§ 1106, 1216 and 1217 of the New York Tax Law.