Bill
Bill > S04476
NY S04476
NY S04476Provides an exemption for the sale of the first $35,000 for a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes; authorizes local governments to elect such incentives; repeals the hybrid exemption after ten years.
summary
Introduced
02/05/2021
02/05/2021
In Committee
05/11/2022
05/11/2022
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 the sale of the first thirty-five thousand dollars of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes, and to authorize cities and counties to elect such exemption
AI Summary
This bill provides an exemption for the sale of the first $35,000 of a new battery or electric vehicle from state sales and compensating use taxes. It also authorizes local governments to elect to provide this exemption. The bill repeals the exemption for hybrid vehicles after 10 years, but the exemption for battery and electric vehicles will continue. The key provisions of the bill include defining the eligible vehicles, specifying the $35,000 cap on the exemption, and allowing local governments to opt out of providing the exemption.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
REPORTED AND COMMITTED TO FINANCE (on 05/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S4476 | 02/06/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04476&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04476 | 02/06/2021 |
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