Bill Text: NY S02705 | 2017-2018 | General Assembly | Amended

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Bill Title: Exempts low-emission and energy efficient vehicles from retail sales and compensating use taxes.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2018-01-30 - REPORTED AND COMMITTED TO FINANCE [S02705 Detail]

Download: New_York-2017-S02705-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         2705--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 17, 2017
                                       ___________
        Introduced  by  Sens.  PARKER, ADDABBO, BAILEY -- read twice and ordered
          printed, and when printed to be committed to the Committee  on  Energy
          and  Telecommunications  -- recommitted to the Committee on Energy and
          Telecommunications in accordance with Senate Rule 6, sec. 8 -- commit-
          tee discharged, bill amended, ordered reprinted as amended and  recom-
          mitted to said committee
        AN  ACT  to amend the tax law, in relation to exempting low-emission and
          energy efficient vehicles  from  retail  sales  and  compensating  use
          taxes; and providing for the repeal of such provisions upon expiration
          thereof
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
     2  by adding a new paragraph 45 to read as follows:
     3    (45)  Low-emission and energy efficient vehicles. For purposes of this
     4  paragraph, a "low-emission and energy efficient vehicle"  shall  mean  a
     5  vehicle  certified  by  the  administrator of the United States environ-
     6  mental protection agency pursuant to  23  U.S.C.  §  166(f)(3).  If  the
     7  administrator  of  the United States environmental protection agency has
     8  not so certified any vehicle as  a  low-emission  and  energy  efficient
     9  vehicle, then, until such certification occurs, "low-emission and energy
    10  efficient  vehicle"  shall  mean  any  vehicle  that has achieved an air
    11  pollution score of nine or better and a greenhouse gas score of nine  or
    12  better  on the green vehicle guide maintained by the United States envi-
    13  ronmental protection agency. The department shall post on its web site a
    14  list of low-emission and energy efficient vehicles  by  make  and  model
    15  year  and  such  other  specifications as may be necessary to identify a
    16  low-emission and energy efficient vehicle, and shall update such list as
    17  necessary to provide a complete list of low-emission  and  energy  effi-
    18  cient vehicles.  The exemptions provided by this section shall be offset
    19  by  the  proceeds collected from the auction of any emissions allowances
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03270-02-8
        S. 2705--A                          2
     1  for air contaminants as provided  for  in  regulations  adopted  by  the
     2  department of environmental conservation pursuant to article nineteen of
     3  the  environmental conservation law and proceeds collected but not allo-
     4  cated  by  the  New York state energy research and development authority
     5  from the auction, pursuant to regulations of such authority, of emission
     6  allowances allocated by the department of environmental conservation  to
     7  such  authority  pursuant to regulations adopted by such department. The
     8  offset shall not exceed twenty-seven million dollars.
     9    § 2. This act shall take effect on the first  day  of  the  sales  tax
    10  quarter that begins at least ninety days after the day on which it shall
    11  have  become  a law and shall expire and be deemed repealed December 31,
    12  2021.