Bill
Bill > S01259
NY S01259
NY S01259Exempts 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
01/11/2023
01/11/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to exempting from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a rebate or discount provided by a manufacturer to the purchaser
AI Summary
This bill exempts from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle that is reduced due to a customer rebate or customer discount provided by a manufacturer to the purchaser and applied against the amount due under the sales agreement. The exemption applies only to the portion of the receipt that is reduced as a direct result of the manufacturer's customer rebate or discount.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
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/2023/S1259 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S01259&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S01259 |
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