Bill > A07297

This bill reduces the sales tax rate by one percent for motor vehicles manufactured in the United States, implementing a targeted tax incentive for domestically produced vehicles. Specifically, the bill amends the state tax law to create a new section (1105-C) that provides a sales tax reduction for vehicles made in the U.S. and requires the tax commissioner to obtain an annual list of such vehicles from the motor vehicle commissioner. The bill defines "motor vehicle" using the existing definition in the vehicle and traffic law, ensuring clarity about which vehicles qualify for the tax reduction. The legislation will take effect 180 days after becoming law, giving state agencies time to prepare for implementation. By offering a tax incentive for U.S.-manufactured vehicles, the bill aims to potentially support domestic automotive manufacturing and provide a modest financial benefit to consumers purchasing vehicles made in the United States.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7297