STATE OF NEW YORK
________________________________________________________________________
10660
IN ASSEMBLY
April 13, 2010
___________
Introduced by M. of A. MONTESANO -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to exempting hybrid vehicles
from sales and compensating use tax
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 44 to read as follows:
3 (44) Qualified hybrid vehicles. For purposes of this paragraph the
4 term "qualified hybrid vehicle" means a motor vehicle as defined in
5 section one hundred twenty-five of the vehicle and traffic law, other
6 than an electric vehicle, as such term is defined in subsection (c) of
7 section thirty of the internal revenue code, that:
8 (i) draws propulsion energy from both
9 (A) an internal combustion engine (or heat engine that uses combusti-
10 ble fuel); and
11 (B) an energy storage device; and
12 (ii) employs a regenerative vehicle braking system that recovers waste
13 energy to charge such energy storage device.
14 § 2. This act shall take effect immediately, and shall apply to taxa-
15 ble years beginning on and after January 1, 2010.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01629-02-0
