Bill Text: NY S02246 | 2025-2026 | General Assembly | Introduced

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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) 2025-01-16 - REFERRED TO BUDGET AND REVENUE [S02246 Detail]

Download: New_York-2025-S02246-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2246

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 16, 2025
                                       ___________

        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        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.
                                                                   LBD04957-01-5