Exempts from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle which is reduced due to a customer rebate or customer discount provided by a manufacturer to the purchaser, that is applied against the amount due under the sales agreement.
STATE OF NEW YORK
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2246
2025-2026 Regular Sessions
IN SENATE
January 16, 2025
___________
Introduced by Sen. COMRIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Budget and Revenue
AN ACT to amend the tax law, in relation to exempting from the tax on
retail sales the portion of a receipt from the purchase of a motor
vehicle which is reduced due to a rebate or discount provided by a
manufacturer to the purchaser
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 14-b to read as follows:
3 (14-b) Motor vehicles, as such a term is defined in section one
4 hundred twenty-five of the vehicle and traffic law, sold by a vendor to
5 a purchaser, as such terms are defined in section eleven hundred one of
6 this article, upon purchase of a vehicle with a customer rebate or
7 customer discount provided by a manufacturer to the purchaser, that is
8 applied against the amount due under the sales agreement. Provided,
9 however, this exemption shall only apply to the portion of the receipt,
10 as such term is defined in section eleven hundred one of this article,
11 that is reduced as a direct result of a customer rebate or customer
12 discount provided by a manufacturer to the purchaser.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04957-01-5
