NY State Senate Bill 2025-S8075

Current Bill Status - In Senate Committee Transportation 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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 15, 2025	referred to transportation

2025-S8075 (ACTIVE) - Details

See Assembly Version of this Bill:: A8241
Current Committee:: Senate Transportation
Law Section:: Vehicle and Traffic Law
Laws Affected:: Amd §471, V & T L

2025-S8075 (ACTIVE) - Summary

Requires the disclosure of tariff cost estimates in automobile sales by affixing such to the car window in a clear, conspicuous, and easily understandable manner; provides such requirement can be satisfied by including it on the Monroney label.

2025-S8075 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S8075

SPONSOR: COONEY
 
TITLE OF BILL:

An act to amend the vehicle and traffic law, in relation to disclosing
tariff cost estimates on automobile sales

 
PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this act is to ensure that New York consumers are
informed about the real impact of federal tariffs on the purchase prices
of automobiles.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 titles the bill the "Tariff Transparency Act".

Section 2 describes the purpose of this bill, which is to ensure that
New York consumers are informed about the impact of federal tariffs on
the prices of automobiles.

Section 3 amends section 471 of the vehicle and traffic law to require
automobile manufacturers to display, on a label affixed to the window of
any new car, an estimate of the price increase attributable to Federal
tariffs, termed in the bill the "tariff cost estimate." This requirement
may be fulfilled by including the tariff cost estimate on the "Monroney
label," which is the label already required by Federal law to be affixed
to the window of any new car with pricing information.

Section 4 provides the effective date of the act, which is ninety days
after it becomes a law.

 
JUSTIFICATION:

In the months since he took office, President Trump has moved to levy
high tariffs on some of the United States' most significant trading
partners, with unpredictable and economy-jarring retreats and restarts
along the way. Trump's tariffs amount to a broad, significant, and
damaging sales tax on goods, paid for by consumers. Some of the most
significant price impacts are expected to fall on the automobile sector.
The purchase of a car is likely to be the biggest or second-biggest
(after a homebuying) purchase made by most households. In fact, the cost
of non-domestically-manufactured automobiles has already risen thousands
of dollars in just the last few months. This is hurting U.S. consumers,
and New Yorkers deserve to understand the full economic impact that
Trump's tariffs have on their households. Requiring automobile manufac-
turers to provide an estimate for any new car of the price impact of the
tariffs is a simple way to achieve this transparency, particularly when
this information can be included as part of a disclosure mechanism (the
"Monroney Label") already required by Federal law.

 
PRIOR LEGISLATIVE HISTORY:

New Bill

 
FISCAL IMPLICATIONS:

None.
 
EFFECTIVE DATE:
This act shall take ninety days after becoming law.

2025-S8075 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8075
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 15, 2025
                                ___________
 
 Introduced  by  Sen.  COONEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Transportation
 
 AN ACT to amend the vehicle and traffic law, in relation  to  disclosing
   tariff cost estimates on automobile sales
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "tariff transparency act".
   § 2. Legislative intent. The purpose of this act is to ensure that New
 York  consumers  are informed about the impact of federal tariffs on the
 price of automobiles.
   § 3. Section 471 of the vehicle and traffic law, as added  by  chapter
 521 of the laws of 1992, is amended to read as follows:
   § 471. Notice  requirement. 1.  AS USED IN THIS SECTION, THE FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "MONRONEY LABEL" MEANS THE LABEL THAT AUTOMOBILE MANUFACTURERS ARE
 REQUIRED BY THE FEDERAL AUTOMOBILE INFORMATION DISCLOSURE ACT OF 1968 TO
 AFFIX TO THE WINDOW OF ANY NEW CAR DELIVERED TO A DEALER, WHICH INCLUDES
 PRICE INFORMATION FOR THE CAR.
   (B) "TARIFF COST ESTIMATE" MEANS AN ESTIMATE OF ANY  INCREASE  IN  THE
 PRICE OR PRICES LISTED ON THE MONRONEY LABEL RESULTING DIRECTLY OR INDI-
 RECTLY FROM TARIFFS IMPOSED BY THE FEDERAL GOVERNMENT, INCLUDING BUT NOT
 LIMITED  TO,  TARIFFS  ON  STEEL,  ALUMINUM, AND OTHER GOODS USED IN THE
 MANUFACTURING, ASSEMBLY, OR DISTRIBUTION OF AUTOMOBILES.  SUCH  ESTIMATE
 SHALL INCLUDE ALL INCREASES IN PRICE ATTRIBUTABLE TO THE TARIFFS.
   2. A dealer shall not display for sale, exchange or sell any new motor
 vehicle,  or  any  used  motor  vehicle,  that  was originally sold by a
 manufacturer for distribution outside the United States  without  promi-
 nently  displaying a label on the vehicle stating that "This vehicle was
 not sold by the manufacturer for distribution within the United  States.
 It  may not have the same standard features, emissions equipment, safety
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11859-02-5

 S. 8075                             2
 
 equipment, optional equipment, specifications and warranty, or otherwise
 be identical to the other motor vehicles which are sold by the  manufac-
 turer for distribution in the United States".
   3.   ANY MANUFACTURER THAT SHIPS A NEW CAR TO A DEALER IN THE STATE OF
 NEW YORK AFTER THE EFFECTIVE DATE OF THE CHAPTER  OF  THE  LAWS  OF  TWO
 THOUSAND  TWENTY-FIVE  THAT  AMENDED THIS SECTION SHALL AFFIX TO THE CAR
 WINDOW A LABEL PRESENTING THE TARIFF  COST  ESTIMATE.  THE  TARIFF  COST
 ESTIMATE  SHALL  BE PRESENTED IN A CLEAR, CONSPICUOUS, AND EASILY UNDER-
 STANDABLE MANNER TO THE CONSUMER. THIS REQUIREMENT MAY BE  SATISFIED  BY
 INCLUSION OF THE TARIFF COST ESTIMATE ON THE MONRONEY LABEL.
   [2.]  4. Any person who violates this section and any person who know-
 ingly aids and abets any such violation of this section shall be  liable
 to  any person aggrieved to the extent of any additional margin obtained
 or obtainable on such purchase and resale.
   § 4. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.

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Senate Bill S8075

Sponsored By

Current Bill Status - In Senate Committee Transportation Committee

2025-S8075 (ACTIVE) - Details

2025-S8075 (ACTIVE) - Summary

2025-S8075 (ACTIVE) - Sponsor Memo

2025-S8075 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S8075

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Sponsored By

Jeremy Cooney

Current Bill Status - In Senate Committee Transportation Committee

2025-S8075 (ACTIVE) - Details

2025-S8075 (ACTIVE) - Summary

2025-S8075 (ACTIVE) - Sponsor Memo

2025-S8075 (ACTIVE) - Bill Text download pdf

Comments