Assembly Bill A5823

2023-2024 Legislative Session

Relates to railroad rolling stock

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A5823 (ACTIVE) - Details

See Senate Version of this Bill:
S5210
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in 2025-2026 Legislative Session:
S730

2023-A5823 (ACTIVE) - Summary

Exempts railroad rolling stock from sales and compensating use taxes; defines "railroad rolling stock" as a device, which is used exclusively upon stationary rails or tracks to transport goods, commodities, or equipment, including, but not limited to, flat cars, box cars, gondolas, hopper cars, or other freight railroad cars.

2023-A5823 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5823
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 23, 2023
                                ___________
 
 Introduced  by M. of A. BURKE -- read once and referred to the Committee
   on Ways and Means
 
 AN ACT to amend the tax law, in relation to exempting  railroad  rolling
   stock from sales and compensating use taxes
 
   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 47 to read as follows:
   (47)  NEWLY  MANUFACTURED  RAILROAD  ROLLING  STOCK USED IN INTERSTATE
 COMMERCE SOLD BY THE MANUFACTURER. FOR PURPOSES OF THIS  PARAGRAPH,  THE
 TERM  "RAILROAD ROLLING STOCK" SHALL MEAN A DEVICE, WHICH IS USED EXCLU-
 SIVELY UPON STATIONARY RAILS OR TRACKS TO TRANSPORT GOODS,  COMMODITIES,
 OR EQUIPMENT, INCLUDING, BUT NOT LIMITED TO, FLAT CARS, BOX CARS, GONDO-
 LAS, HOPPER CARS, OR OTHER FREIGHT RAILROAD CARS.
   §  2. This act shall take effect on the first day of a sales tax quar-
 terly period, as described in subdivision (b) of section 1136 of the tax
 law, next commencing at least 60 days after this act shall have become a
 law. Effective immediately, the addition, amendment and/or repeal of any
 rule or regulation necessary for the implementation of this act  on  its
 effective date are authorized to be made and completed on or before such
 effective date.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09876-01-3

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