Bill Text: NY S04988 | 2023-2024 | General Assembly | Introduced

New York Senate Bill 4988 (Prior Session Legislation)

Introduced

Bill Title: Relates to the taxable price for the sale of a motor vehicle; provides that rebates offered at the time of sale be excluded for purposes of calculating any local sales and compensating use tax and the state sales tax applicable to such sale.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2024-01-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S04988 Detail]

Download: New_York-2023-S04988-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          4988

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 21, 2023
                                       ___________

        Introduced by Sen. OBERACKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations

        AN  ACT  to  amend the tax law, in relation to the taxable price for the
          sale of a motor vehicle

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section  1105  of  the tax law is amended by adding a new
     2  subdivision (g) to read as follows:
     3    (g) Any rebate offered by a retail dealer of  a  motor  vehicle  to  a
     4  consumer  at  the  time  of  sale  shall be excluded for the purposes of
     5  calculating the taxable price under this section of such  motor  vehicle
     6  sale.   Such rebate shall further be excluded for the purposes of calcu-
     7  lating any local sales and compensating use tax that may be applicable.
     8    § 2. This act shall take effect on the thirtieth day  after  it  shall
     9  have become a law.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09202-01-3