Bill > S02922

This bill exempts low-emission and energy-efficient vehicles from retail sales and compensating use taxes in New York. The exemption applies to vehicles certified by the U.S. Environmental Protection Agency (EPA) as low-emission and energy-efficient, or those that have achieved high air pollution and greenhouse gas scores on the EPA's Green Vehicle Guide. The Department of Taxation and Finance is required to maintain a list of eligible vehicles on its website. The exemptions are offset by proceeds from the auction of emissions allowances, up to a maximum of $27 million. The bill takes effect 90 days after becoming law and expires on December 31, 2024.