New York Assembly Bill A07297 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 7297 2025-2026 Regular Sessions  IN ASSEMBLY March 25, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to reduced sales tax on vehi- cles manufactured in the United States The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The tax law is amended by adding a new section 1105-C to 2 read as follows: 3 § 1105-C. Reduced sales tax on certain motor vehicles. (a) The tax 4 imposed by subdivision (a) of section eleven hundred five of this part 5 shall be reduced by one percent when being imposed upon motor vehicles 6 manufactured in the United States of America. 7 (b) For purposes of this section, the term motor vehicle shall mean a 8 vehicle as defined in section one hundred twenty-five of the vehicle and 9 traffic law. 10 (c) The commissioner shall obtain yearly from the commissioner of 11 motor vehicles a list of vehicles manufactured in the United States of 12 America. 13 § 2. This act shall take effect on the one hundred eightieth day after 14 it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11029-01-5