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NY A07072
Bill
Status
4/23/2015
Primary Sponsor
Robert Oaks
Click for details
AI Summary
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Creates sales and use tax exemptions for motor vehicles (whether purchased or leased), their parts, and maintenance services, effective January 1, 2016
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Creates sales and use tax exemptions for railroad rolling stock (whether purchased or leased), parts, structural components (including rail, bridges, crossing arms, and traffic signals), and maintenance services
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Exemptions apply to state sales tax, but explicitly do not apply to fuel, gas, electricity, refrigeration, and steam used directly and exclusively in production
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Metropolitan Commuter Transportation District tax at 3/8 of one percent specifically excludes these motor vehicle and railroad exemptions
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Local city and county taxes authorized under this article shall not apply the motor vehicle and railroad exemptions
Legislative Description
Exempts from sales and use taxes certain motor vehicles, parts and services therefor and railroad rolling stock, parts and services therefor.
Last Action
held for consideration in ways and means
6/15/2016