Bill
Bill > A10395
NY A10395
NY A10395Provides 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
03/03/2026
03/03/2026
In Committee
03/03/2026
03/03/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 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 clarify that when a rental vehicle is sold to a rental business for its own use in its rental operations, this transaction is subject to taxes and is not considered a "sale for resale," meaning the rental business cannot avoid paying taxes on this purchase by claiming it will be resold to customers.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
referred to ways and means (on 03/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A10395 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A10395&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10395 |
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