Bill
Bill > S03549
NY S03549
NY S03549Exempts 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.
summary
Introduced
01/30/2021
01/30/2021
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
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.
AI Summary
This bill exempts from the sales tax the portion of the purchase price of a motor vehicle that is reduced due to a customer rebate or discount provided by the manufacturer to the purchaser. The exemption applies only to the amount of the receipt that is directly reduced by the rebate or discount, and the terms "motor vehicle," "vendor," "purchaser," and "receipt" are defined in the relevant sections of the tax law.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (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/S3549 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03549&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03549 |
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