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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3805
2023-2024 Regular Sessions
IN ASSEMBLY
February 8, 2023
___________
Introduced by M. of A. GUNTHER -- read once and referred to the Commit-
tee on Ways and Means
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.
LBD03438-01-3
