Bill > A03805

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. The exemption applies only to the portion of the receipt that is reduced as a direct result of the manufacturer's rebate or discount. The bill defines key terms such as "motor vehicle," "vendor," "purchaser," and "receipt" in reference to the relevant sections of the tax law and vehicle and traffic law.