Assembly Bill A8832

2025-2026 Legislative Session

Relates to a tax credit for the purchase of new and used electric vehicles

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A8832 (ACTIVE) - Details

See Senate Version of this Bill:
S8113
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L

2025-A8832 (ACTIVE) - Summary

Establishes a tax credit for the purchase of new and used electric cars; provides that for a new electric vehicle, the tax credit shall be $7,500 and the tax credit for a used electric vehicle shall be $4,000.

2025-A8832 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8832
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 9, 2025
                                ___________
 
 Introduced by M. of A. LASHER -- read once and referred to the Committee
   on Ways and Means
 
 AN  ACT  to  amend the tax law, in relation to establishing a tax credit
   for the purchase of new and used electric vehicles
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Section  210-B  of the tax law is amended by adding a new
 subdivision 61 to read as follows:
   61. CREDIT FOR PURCHASE OF ELECTRIC VEHICLES. (A) A TAXPAYER SHALL  BE
 ALLOWED  A CREDIT FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST,
 TWO THOUSAND TWENTY-SIX AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR  THE
 PURCHASE  OF  NEW  AND  USED  ELECTRIC VEHICLES. THE TOTAL AMOUNT OF THE
 CREDIT FOR THE PURCHASE OF A NEW ELECTRIC VEHICLE SHALL BE  SEVEN  THOU-
 SAND  FIVE  HUNDRED  DOLLARS.  THE  TOTAL  AMOUNT  OF THE CREDIT FOR THE
 PURCHASE OF A USED ELECTRIC VEHICLE SHALL BE FOUR THOUSAND DOLLARS.
   (B) FOR THE PURPOSES OF THIS SUBDIVISION, THE TERM "ELECTRIC VEHICLES"
 SHALL MEAN MOTOR VEHICLES, AS DEFINED BY SECTION ONE HUNDRED TWENTY-FIVE
 OF THE VEHICLE AND TRAFFIC LAW, WHICH ARE PROPELLED BY  ELECTRIC  MOTORS
 USING  ELECTRIC  ENERGY  STORED  IN  BATTERIES  OR  OTHER ENERGY STORAGE
 DEVICES. FOR THE PURPOSES OF THIS SUBDIVISION, "ELECTRIC VEHICLES" SHALL
 NOT INCLUDE ELECTRIC PERSONAL ASSISTIVE MOBILITY DEVICES AS  DEFINED  BY
 SECTION ONE HUNDRED FOURTEEN-D OF THE VEHICLE AND TRAFFIC LAW.
   (C)  IF  THE  AMOUNT  OF CREDIT ALLOWABLE UNDER THIS SUBDIVISION SHALL
 EXCEED THE TAXPAYER'S TAX FOR SUCH  YEAR, THE EXCESS MAY BE CARRIED OVER
 TO THE FOLLOWING YEAR OR YEARS AND MAY BE DEDUCTED FROM  THE  TAXPAYER'S
 TAX FOR SUCH YEAR OR YEARS.
   (D)  IF ALL OR ANY PART OF THE CREDIT PROVIDED FOR UNDER THIS SUBDIVI-
 SION WAS ALLOWED OR CARRIED OVER FROM A PRIOR TAXABLE YEAR OR  YEARS,  A
 TAXPAYER  SHALL  REDUCE  THE  ALLOWABLE CREDIT FOR ADDITIONAL QUALIFYING
 EXPENDITURES IN A SUBSEQUENT TAX YEAR BY THE AMOUNT OF THE CREDIT PREVI-
 OUSLY ALLOWED OR CARRIED OVER; PROVIDED HOWEVER THAT A CREDIT PREVIOUSLY
 ALLOWED OR CARRIED OVER FROM A PRIOR TAXABLE YEAR OR YEARS SHALL NOT  BE
 TAKEN  INTO ACCOUNT IN DETERMINING THE ALLOWABLE CREDIT FOR THE PURCHASE
 OF A NEW OR USED ELECTRIC VEHICLE.
 
              

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