Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to ways and means |
Feb 08, 2023 |
referred to ways and means |
Assembly Bill A3805
2023-2024 Legislative Session
Sponsored By
GUNTHER
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
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- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2023-A3805 (ACTIVE) - Details
2023-A3805 (ACTIVE) - Summary
Exempts from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a customer rebate or customer discount provided by a manufacturer to the purchaser, that is applied against the amount due under the sales agreement.
2023-A3805 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3805 2023-2024 Regular Sessions I N A S S E M B L Y February 8, 2023 ___________ Introduced by M. of A. GUNTHER -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to exempting from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a rebate or discount provided by a manufacturer to the purchaser THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (a) of section 1115 of the tax law is amended by adding a new paragraph 14-b to read as follows: (14-B) MOTOR VEHICLES, AS SUCH A TERM IS DEFINED IN SECTION ONE HUNDRED TWENTY-FIVE OF THE VEHICLE AND TRAFFIC LAW, SOLD BY A VENDOR TO A PURCHASER, AS SUCH TERMS ARE DEFINED IN SECTION ELEVEN HUNDRED ONE OF THIS ARTICLE, UPON PURCHASE OF A VEHICLE WITH A CUSTOMER REBATE OR CUSTOMER DISCOUNT PROVIDED BY A MANUFACTURER TO THE PURCHASER, THAT IS APPLIED AGAINST THE AMOUNT DUE UNDER THE SALES AGREEMENT. PROVIDED, HOWEVER, THIS EXEMPTION SHALL ONLY APPLY TO THE PORTION OF THE RECEIPT, AS SUCH TERM IS DEFINED IN SECTION ELEVEN HUNDRED ONE OF THIS ARTICLE, THAT IS REDUCED AS A DIRECT RESULT OF A CUSTOMER REBATE OR CUSTOMER DISCOUNT PROVIDED BY A MANUFACTURER TO THE PURCHASER. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03438-01-3
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