Bill > S00730

This bill amends New York's tax law to create a new sales and compensating use tax exemption specifically for newly manufactured railroad rolling stock used in interstate commerce. The bill defines "railroad rolling stock" as devices exclusively used on stationary rails or tracks to transport goods, commodities, or equipment, which includes specific types of freight railroad cars such as flat cars, box cars, gondolas, and hopper cars. When a manufacturer sells these types of railroad vehicles, they will now be exempt from paying sales and use taxes. The exemption will take effect on the first day of a sales tax quarterly period that begins at least 60 days after the bill becomes law, and state authorities are authorized to prepare the necessary regulations to implement this tax exemption in advance of its effective date. This legislation is likely designed to support the railroad industry by reducing the tax burden on manufacturers of railroad transportation equipment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S730