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Bill > S09374


NY S09374

NY S09374
Provides that the sale of a rental vehicle to a rental business for use in such business is subject to taxes and shall not be considered a sale for resale.


summary

Introduced
05/14/2024
In Committee
05/14/2024
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 sales of rental vehicles

AI Summary

This bill amends the tax law to provide that the sale of a rental vehicle to a rental business for use in such business is subject to sales taxes and shall not be considered a sale for resale. The bill specifies that this change applies to sales of rental vehicles occurring on or after the effective date of the bill, which is the thirtieth day after it becomes law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO BUDGET AND REVENUE (on 05/14/2024)

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