New York S 2246: Relates 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

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S02246 Summary:

BILL NOS02246 

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SAME ASNo Same As

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SPONSORCOMRIE

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COSPNSR

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MLTSPNSR

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Amd §1115, Tax L

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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.

Go to top S02246 Actions:

BILL NOS02246 

&nbsp

01/16/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

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Go to topS02246 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS02246 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2246

 2025-2026 Regular Sessions

 IN SENATE

 January 16, 2025
 ___________

 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:

 1 Section 1. Subdivision (a) of section 1115 of the tax law is amended
 2 by adding a new paragraph 14-b to read as follows:
 3 (14-b) Motor vehicles, as such a term is defined in section one
 4 hundred twenty-five of the vehicle and traffic law, sold by a vendor to
 5 a purchaser, as such terms are defined in section eleven hundred one of
 6 this article, upon purchase of a vehicle with a customer rebate or
 7 customer discount provided by a manufacturer to the purchaser, that is
 8 applied against the amount due under the sales agreement. Provided,
 9 however, this exemption shall only apply to the portion of the receipt,
 10 as such term is defined in section eleven hundred one of this article,
 11 that is reduced as a direct result of a customer rebate or customer
 12 discount provided by a manufacturer to the purchaser.
 13 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04957-01-5

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