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NY A05759
Bill
Status
2/28/2011
Primary Sponsor
Bill Reilich
Click for details
AI Summary
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Allows persons applying for vehicle registration or title for used motor vehicles not sold by dealers to present a statement supporting a reduced purchase price below market value
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Sales tax will be collected on the stated purchase price provided in the statement rather than on the determined market value of the vehicle
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The statement must be in a form and manner acceptable to the county clerk and the Department of Taxation and Finance
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Applies to motor vehicles, snowmobiles, vessels, and all terrain vehicles purchased from non-dealers
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Takes effect immediately and applies to quarterly tax periods beginning on or after the effective date
Legislative Description
Relates to the computation of sales tax on used motor vehicles sold by non-dealers; provides that a purchaser may provide evidence relating to the below market value price of the vehicle absent an affidavit signed by the seller.
Last Action
held for consideration in ways and means
6/19/2012