Bill
Bill > A01723
NY A01723
NY A01723Exempts low-emission and energy efficient vehicles from retail sales and compensating use taxes.
summary
Introduced
01/11/2021
01/11/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 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
AI Summary
This bill exempts low-emission and energy-efficient vehicles from retail sales and compensating use taxes in New York. It defines "low-emission and energy-efficient vehicle" based on certification by the U.S. Environmental Protection Agency or certain emission and greenhouse gas scores. The tax exemptions will be offset by proceeds from the auction of emission allowances, but the offset will not exceed $27 million. The bill will take effect 90 days after it becomes law and expire on December 31, 2024.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
referred to ways and means (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A1723 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01723&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01723 |
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