Bill Text: NY S04933 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Exempts low-emission and energy efficient vehicles from retail sales and compensating use taxes.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-01-03 - REFERRED TO BUDGET AND REVENUE [S04933 Detail]

Download: New_York-2023-S04933-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          4933

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 17, 2023
                                       ___________

        Introduced  by  Sens.  PARKER, ADDABBO, BAILEY -- 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 low-emission and
          energy efficient vehicles  from  retail  sales  and  compensating  use
          taxes; and providing for the repeal of such provisions upon expiration
          thereof

          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 47 to read as follows:
     3    (47)  Low-emission and energy efficient vehicles. For purposes of this
     4  paragraph, a "low-emission and energy efficient vehicle"  shall  mean  a
     5  vehicle  certified  by  the  administrator of the United States environ-
     6  mental protection agency pursuant to  23  U.S.C.  §  166(f)(3).  If  the
     7  administrator  of  the United States environmental protection agency has
     8  not so certified any vehicle as  a  low-emission  and  energy  efficient
     9  vehicle, then, until such certification occurs, "low-emission and energy
    10  efficient  vehicle"  shall  mean  any  vehicle  that has achieved an air
    11  pollution score of nine or better and a greenhouse gas score of nine  or
    12  better  on the green vehicle guide maintained by the United States envi-
    13  ronmental protection agency. The department shall post on its web site a
    14  list of low-emission and energy efficient vehicles  by  make  and  model
    15  year  and  such  other  specifications as may be necessary to identify a
    16  low-emission and energy efficient vehicle, and shall update such list as
    17  necessary to provide a complete list of low-emission  and  energy  effi-
    18  cient vehicles.  The exemptions provided by this section shall be offset
    19  by  the  proceeds collected from the auction of any emissions allowances
    20  for air contaminants as provided  for  in  regulations  adopted  by  the
    21  department of environmental conservation pursuant to article nineteen of
    22  the  environmental conservation law and proceeds collected but not allo-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06477-01-3
        S. 4933                             2

     1  cated by the New York state energy research  and  development  authority
     2  from the auction, pursuant to regulations of such authority, of emission
     3  allowances  allocated by the department of environmental conservation to
     4  such  authority  pursuant to regulations adopted by such department. The
     5  offset shall not exceed twenty-seven million dollars.
     6    § 2. This act shall take effect on the first  day  of  the  sales  tax
     7  quarter that begins at least ninety days after the day on which it shall
     8  have  become  a law and shall expire and be deemed repealed December 31,
     9  2026.