Bill Text: NY A03805 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 3805

Introduced

Bill Title: Exempts from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a customer rebate or customer discount provided by a manufacturer to the purchaser, that is applied against the amount due under the sales agreement.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A03805 Detail]

Download: New_York-2023-A03805-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3805

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 8, 2023
                                       ___________

        Introduced  by M. of A. GUNTHER -- read once and referred to the Commit-
          tee on Ways and Means

        AN ACT to amend the tax law, in relation to exempting from  the  tax  on
          retail  sales  the  portion  of a receipt from the purchase of a motor
          vehicle which is reduced due to a rebate or  discount  provided  by  a
          manufacturer to the purchaser

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
     2  by adding a new paragraph 14-b to read as follows:
     3    (14-b)  Motor  vehicles,  as  such  a  term  is defined in section one
     4  hundred twenty-five of the vehicle and traffic law, sold by a vendor  to
     5  a  purchaser, as such terms are defined in section eleven hundred one of
     6  this article, upon purchase of a  vehicle  with  a  customer  rebate  or
     7  customer  discount  provided by a manufacturer to the purchaser, that is
     8  applied against the amount due  under  the  sales  agreement.  Provided,
     9  however,  this exemption shall only apply to the portion of the receipt,
    10  as such term is defined in section eleven hundred one of  this  article,
    11  that  is  reduced  as  a  direct result of a customer rebate or customer
    12  discount provided by a manufacturer to the purchaser.
    13    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03438-01-3