| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 03, 2024 |
referred to budget and revenue |
| Jan 11, 2023 |
referred to budget and revenue |
Senate Bill S1259
2023-2024 Legislative Session
Sponsored By
(D) 14th Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
Actions
2023-S1259 (ACTIVE) - Details
2023-S1259 (ACTIVE) - Summary
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.
2023-S1259 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1259
SPONSOR: COMRIE
TITLE OF BILL:
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 vehi-
cle which is reduced due to a rebate or discount provided by a manufac-
turer to the purchaser
PURPOSE OR GENERAL IDEA OF BILL:
To eliminate the sales tax on instant rebates given from the manufactur-
er to the purchaser of a vehicle
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 - Adds subdivision 14-b to the tax law to allow for the
exemption of sales tax on an instant rebate given to a purchaser from a
manufacturer of a motor vehicle.
Section 2 - Effective date.
2023-S1259 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1259
2023-2024 Regular Sessions
I N S E N A T E
January 11, 2023
___________
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:
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.
LBD03438-01-3
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