Bill Text: NY S01602 | 2019-2020 | General Assembly | Introduced

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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 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01602 Detail]

Download: New_York-2019-S01602-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          1602
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 15, 2019
                                       ___________
        Introduced  by  Sen. RITCHIE -- 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.
                                                                   LBD04049-01-9