Bill

Bill > S00247


NY S00247

NY S00247
Creates a sales and use tax exemption for school buses and related items.


summary

Introduced
01/04/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to a sales and use tax exemption for school buses and related items

AI Summary

This bill creates a sales and use tax exemption for school buses, as defined in the Vehicle and Traffic Law, as well as parts, equipment, lubricants, and fuel used in their operation. The exemption will take effect on the first day of the quarterly sales tax period following April 1, 2024, and the necessary rules and regulations for implementation are authorized to be made and completed before the effective date.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/03/2024)

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