Bill Text: NY A05901 | 2023-2024 | General Assembly | Introduced
Bill Title: Exempts the sale of zero-emission school buses from sales and use taxes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-01-03 - referred to ways and means [A05901 Detail]
Download: New_York-2023-A05901-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5901 2023-2024 Regular Sessions IN ASSEMBLY March 24, 2023 ___________ Introduced by M. of A. JEAN-PIERRE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting zero-emission school buses from sales and use taxes The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1115 of the tax law is amended by adding a new 2 subdivision (ll) to read as follows: 3 (ll) Notwithstanding any other provision of law to the contrary, 4 receipts from the sale of zero-emission school buses, as such term is 5 defined in section thirty-six hundred thirty-eight of the education law 6 and parts or equipment purchased and used in the operation of such buses 7 shall be exempt from taxes imposed by this article. 8 § 2. This act shall take effect on the first day of a quarterly sales 9 tax period, as set forth in subdivision (b) of section 1136 of the tax 10 law, next commencing at least thirty days after this act shall have 11 become a law and shall apply in accordance with the applicable transi- 12 tional provisions of section 1106 of the tax law. Effective immediately, 13 the addition, amendment and/or repeal of any rule or regulation neces- 14 sary for the implementation of this act on its effective date are 15 authorized to be made and completed on or before such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09918-01-3
