Bill > A02697

This bill creates a sales and use tax exemption for school buses and related items, such as parts, equipment, lubricants, and fuel used in their operation. The exemption applies to school buses as defined in the Vehicle and Traffic Law, and the bill specifies that it will take effect on the first day of the quarterly sales tax period following April 1, 2020. The bill also authorizes any necessary rulemaking or regulatory changes to be made and completed by the effective date.