- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A05401 Summary:
BILL NO | A05401 |
  | |
SAME AS | SAME AS S03926 |
  | |
SPONSOR | McDonald |
  | |
COSPNSR | |
  | |
MLTSPNSR | |
  | |
Amd §1111, Tax L | |
  | |
Relates to terminal rental adjustment clauses in motor vehicle leases; provides multiple tax payment options for the lessor. |
A05401 Actions:
BILL NO | A05401 | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
02/16/2021 | referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
05/11/2021 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
05/13/2021 | advanced to third reading cal.365 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | REFERRED TO FINANCE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2021 | SUBSTITUTED FOR S3926 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2021 | 3RD READING CAL.1773 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2021 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2021 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
11/29/2021 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
12/10/2021 | signed chap.664 | |||||||||||||||||||||||||||||||||||||||||||||||||
12/10/2021 | approval memo.62 |
A05401 Committee Votes:
Weinstein | Aye | Ra | Aye | ||||||
Glick | Aye | Fitzpatrick | Aye | ||||||
Nolan | Excused | Hawley | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Aye | Blankenbush | Aye | ||||||
Colton | Aye | Norris | Aye | ||||||
Cook | Aye | Brabenec | Aye | ||||||
Cahill | Aye | Palmesano | Aye | ||||||
Aubry | Aye | Byrne | Aye | ||||||
Cusick | Aye | Ashby | Aye | ||||||
Benedetto | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Aye | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Dinowitz | Aye | ||||||||
Joyner | Aye | ||||||||
Magnarelli | Aye | ||||||||
Zebrowski | Aye | ||||||||
Bronson | Aye | ||||||||
Dilan | Aye | ||||||||
Seawright | Aye | ||||||||
Hyndman | Aye | ||||||||
Go to top
A05401 Floor Votes:
Yes
Abbate
Yes
Clark
Yes
Frontus
Yes
Lalor
Yes
Paulin
Yes
Sillitti
Yes
Abinanti
Yes
Colton
Yes
Galef
Yes
Lavine
Yes
Peoples-Stokes
Yes
Simon
Yes
Anderson
Yes
Conrad
Yes
Gallagher
Yes
Lawler
Yes
Perry
Yes
Simpson
Yes
Angelino
Yes
Cook
Yes
Gallahan
Yes
Lemondes
Yes
Pheffer Amato
Yes
Smith
Yes
Ashby
Yes
Cruz
Yes
Gandolfo
Yes
Lunsford
Yes
Pichardo
Yes
Smullen
Yes
Aubry
Yes
Cusick
Yes
Giglio JA
Yes
Lupardo
Yes
Pretlow
Yes
Solages
Yes
Barclay
Yes
Cymbrowitz
Yes
Giglio JM
Yes
Magnarelli
Yes
Quart
Yes
Steck
Yes
Barnwell
Yes
Darling
Yes
Glick
Yes
Mamdani
Yes
Ra
Yes
Stern
Yes
Barrett
Yes
Davila
Yes
Gonzalez-Rojas
Yes
Manktelow
Yes
Rajkumar
Yes
Stirpe
Yes
Barron
Yes
De La Rosa
Yes
Goodell
Yes
McDonald
Yes
Ramos
Yes
Tague
Yes
Benedetto
Yes
DeStefano
Yes
Gottfried
Yes
McDonough
Yes
Reilly
Yes
Tannousis
Yes
Bichotte Hermel
Yes
Dickens
Yes
Griffin
Yes
McMahon
Yes
Reyes
Yes
Taylor
Yes
Blankenbush
Yes
Dilan
Yes
Gunther
Yes
Meeks
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Dinowitz
Yes
Hawley
Yes
Mikulin
Yes
Rivera J
Yes
Vanel
Yes
Braunstein
Yes
DiPietro
Yes
Hevesi
Yes
Miller B
Yes
Rivera JD
No
Walczyk
Yes
Bronson
Yes
Durso
Yes
Hunter
Yes
Miller M
Yes
Rodriguez
Yes
Walker
Yes
Brown
Yes
Eichenstein
Yes
Hyndman
Yes
Mitaynes
Yes
Rosenthal D
Yes
Wallace
Yes
Burdick
Yes
Englebright
Yes
Jackson
Yes
Montesano
Yes
Rosenthal L
Yes
Walsh
Yes
Burgos
Yes
Epstein
Yes
Jacobson
Yes
Morinello
Yes
Rozic
Yes
Weinstein
Yes
Burke
Yes
Fahy
Yes
Jean-Pierre
Yes
Niou
Yes
Salka
Yes
Weprin
Yes
Buttenschon
Yes
Fall
Yes
Jensen
ER
Nolan
Yes
Santabarbara
Yes
Williams
Yes
Byrne
Yes
Fernandez
Yes
Jones
Yes
Norris
ER
Sayegh
Yes
Woerner
Yes
Byrnes
Yes
Fitzpatrick
Yes
Joyner
Yes
O'Donnell
Yes
Schmitt
Yes
Zebrowski
Yes
Cahill
ER
Forrest
Yes
Kelles
Yes
Otis
Yes
Seawright
Yes
Zinerman
Yes
Carroll
Yes
Friend
Yes
Kim
Yes
Palmesano
Yes
Septimo
Yes
Mr. Speaker
‡ Indicates voting via videoconference
A05401 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 5401 2021-2022 Regular Sessions IN ASSEMBLY February 16, 2021 ___________ Introduced by M. of A. McDONALD -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to terminal rental adjustment clauses in motor vehicle leases The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (B) of subdivision (i) of section 1111 of the tax 2 law, as amended by chapter 20 of the laws of 1992, is amended to read as 3 follows: 4 (B) (1) Notwithstanding any inconsistent provisions of this subdivi- 5 sion, with respect to a lease of a motor vehicle described in paragraph 6 (A) of this subdivision for a term of one year or more [(1)] which 7 includes an indeterminate number of options to renew or other similar 8 contractual provisions or which includes thirty-six or more monthly 9 options to renew beyond the initial term, and [(2)] under which lease 10 the lessee of such motor vehicle has certified in the writing described 11 in clause (i) of subparagraph (C) of paragraph two of subsection (h) of 12 section 7701 of the internal revenue code of 1986, under penalty of 13 perjury, that the lessee intends that more than fifty percent of the use 14 of such vehicle is to be in a trade or business of the lessee, the 15 lessor shall: (i) pay tax on the receipts from the sale of or consider- 16 ation given or contracted to be given for the purchase, as measured by 17 subdivision (b) of section eleven hundred ten of this part, of such 18 vehicle for lease; or (ii) collect and pay tax as measured by all 19 receipts due or consideration given or contracted to be given under such 20 lease for the first thirty-two months, or the period of the initial term 21 if greater, of such lease shall be deemed to have been paid or given 22 [and shall be subject to tax in accordance with the provisions of this23subdivision]. 24 [For] (2) If a lessor collects and pays tax as measured under clause 25 (ii) of subparagraph one of this paragraph, for each such option to EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD08089-01-1A. 5401 2 1 renew, or similar provision, or combination of them, exercised after the 2 first thirty-two months, or the period of such initial term, if longer, 3 of any such lease, tax due under this article shall be collected and 4 paid or paid over without regard to this subdivision. 5 § 2. This act shall take effect immediately.