Bill > S02246

This bill amends the New York tax law to provide a sales tax exemption for a specific portion of a motor vehicle purchase when a manufacturer offers a customer rebate or discount. Under this legislation, when a customer buys a motor vehicle and receives a manufacturer's rebate or discount that is directly applied to the sales agreement, the amount of the receipt reduced by that rebate or discount will be exempt from sales tax. For example, if a car's original price is $30,000 and a manufacturer provides a $2,000 rebate, the customer would only pay sales tax on $28,000. The bill defines key terms by referencing existing legal definitions, such as "motor vehicles" from the vehicle and traffic law and "purchaser" and "receipt" from the tax law. The exemption is specifically limited to manufacturer-provided rebates or discounts that are directly applied to the sales agreement at the time of purchase. The amendment will take effect immediately upon enactment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S2246