Bill Text: NY A10660 | 2009-2010 | General Assembly | Introduced
Bill Title: Exempts hybrid vehicles from sales and compensating use tax.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A10660 Detail]
Download: New_York-2009-A10660-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 10660 I N A S S E M B L Y April 13, 2010 ___________ Introduced by M. of A. MONTESANO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting hybrid vehicles from sales and compensating use tax 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 44 to read as follows: 3 (44) QUALIFIED HYBRID VEHICLES. FOR PURPOSES OF THIS PARAGRAPH THE 4 TERM "QUALIFIED HYBRID VEHICLE" MEANS A MOTOR VEHICLE AS DEFINED IN 5 SECTION ONE HUNDRED TWENTY-FIVE OF THE VEHICLE AND TRAFFIC LAW, OTHER 6 THAN AN ELECTRIC VEHICLE, AS SUCH TERM IS DEFINED IN SUBSECTION (C) OF 7 SECTION THIRTY OF THE INTERNAL REVENUE CODE, THAT: 8 (I) DRAWS PROPULSION ENERGY FROM BOTH 9 (A) AN INTERNAL COMBUSTION ENGINE (OR HEAT ENGINE THAT USES COMBUSTI- 10 BLE FUEL); AND 11 (B) AN ENERGY STORAGE DEVICE; AND 12 (II) EMPLOYS A REGENERATIVE VEHICLE BRAKING SYSTEM THAT RECOVERS WASTE 13 ENERGY TO CHARGE SUCH ENERGY STORAGE DEVICE. 14 S 2. This act shall take effect immediately, and shall apply to taxa- 15 ble years beginning on and after January 1, 2010. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01629-02-0