S T A T E O F N E W Y O R K
________________________________________________________________________
3243
2021-2022 Regular Sessions
I N A S S E M B L Y
January 22, 2021
___________
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:
Section 1. Subdivision (a) of section 1115 of the tax law is amended
by adding a new paragraph 14-b to read as follows:
(14-B) MOTOR VEHICLES, AS SUCH A TERM IS DEFINED IN SECTION ONE
HUNDRED TWENTY-FIVE OF THE VEHICLE AND TRAFFIC LAW, SOLD BY A VENDOR TO
A PURCHASER, AS SUCH TERMS ARE DEFINED IN SECTION ELEVEN HUNDRED ONE OF
THIS ARTICLE, UPON PURCHASE OF A VEHICLE WITH A CUSTOMER REBATE OR
CUSTOMER DISCOUNT PROVIDED BY A MANUFACTURER TO THE PURCHASER, THAT IS
APPLIED AGAINST THE AMOUNT DUE UNDER THE SALES AGREEMENT. PROVIDED,
HOWEVER, THIS EXEMPTION SHALL ONLY APPLY TO THE PORTION OF THE RECEIPT,
AS SUCH TERM IS DEFINED IN SECTION ELEVEN HUNDRED ONE OF THIS ARTICLE,
THAT IS REDUCED AS A DIRECT RESULT OF A CUSTOMER REBATE OR CUSTOMER
DISCOUNT PROVIDED BY A MANUFACTURER TO THE PURCHASER.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02920-01-1