Bill > A04647

This bill amends New York's tax law to create a new sales and use tax exemption specifically for school buses and related items. Under this legislation, receipts from the sale of school buses (as defined in the vehicle and traffic law), along with their parts, equipment, lubricants, and fuel used in their operation, will be fully exempt from state sales taxes. The exemption is comprehensive, covering not just the vehicles themselves but also all associated materials and consumables necessary for their operation. The tax exemption will take effect on the first day of a quarterly sales tax period following April 1, 2026, which means the law is designed to provide financial relief to school districts or transportation providers by reducing the overall cost of maintaining school bus fleets. By removing sales tax from these purchases, the bill aims to potentially lower the expenses associated with school transportation.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4647