Bill
Bill > A02630
NY A02630
NY A02630Exempts low-emission and energy efficient vehicles from retail sales and compensating use taxes.
summary
Introduced
01/24/2019
01/24/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to exempting low-emission and energy efficient vehicles from retail sales and compensating use taxes; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill exempts low-emission and energy-efficient vehicles from retail sales and compensating use taxes in New York. It defines a "low-emission and energy-efficient vehicle" as one certified by the U.S. Environmental Protection Agency or meeting certain emissions and greenhouse gas scores. The tax exemptions will be offset by proceeds from the auction of emissions allowances. The bill will take effect 90 days after becoming law and expire on December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
referred to ways and means (on 01/08/2020)
Official Document
bill text
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