Bill
Bill > A03159
NY A03159
NY A03159Provides 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
02/02/2023
02/02/2023
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 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 from state sales and compensating use taxes for the first $35,000 of the retail sale or lease of new or used battery-powered, electric, or plug-in hybrid electric vehicles. It also authorizes local governments to elect to provide the same exemption. The bill repeals the existing hybrid vehicle exemption after 10 years, when the new exemption for battery, electric, and plug-in hybrid electric vehicles takes effect.
Committee Categories
Budget and Finance
Sponsors (24)
Patricia Fahy (D)*,
George Alvarez (D),
Sarah Clark (D),
William Colton (D),
Inez Dickens (D),
Michael Durso (R),
Jonathan Jacobson (D),
Jen Lunsford (D),
Dave McDonough (R),
Misha Novakhov (R),
Steve Otis (D),
Linda Rosenthal (D),
Nily Rozic (D),
Rebecca Seawright (D),
Gina Sillitti (D),
Jo Anne Simon (D),
Tony Simone (D),
Phil Steck (D),
Steve Stern (D),
Al Taylor (D),
Fred Thiele (D),
Clyde Vanel (D),
Ken Zebrowski (D),
Stefani Zinerman (D),
Last Action
referred to ways and means (on 01/03/2024)
Bill Topics
Energy
- ‐ Alternative and Renewable Energy
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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/2023/A3159 | 02/02/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03159&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03159 | 02/02/2023 |
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