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Sponsors
No co-sponsors yet.
History
- Referred to energy and telecommunications
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing a sales tax exemption for the purchase of electric vehicles and zero emission vehicles in the state; to amend the vehicle and traffic law, in relation to exempting electric vehicles and zero emission vehicles from the emissions inspection requirements; and to amend the public authorities law, in relation to establishing the zero emission vehicle rebate program within the New York state energy research and development authority
Purpose or general idea of bill
To promote clean technology vehicles that yield environmental benefits.
Summary of specific provisions
Creates incentives for new vehicle buyers of clean technology vehicles.
Grants a state sales tax exemption for the purchase of new electric vehicles and zero emission vehicles; exempts such vehicles from emissions inspection requirements; and establishes the zero emission vehicle rebate program within the New York state energy research and development authority.
The New York state energy research and development authority shall establish a zero emission vehicle rebate program. This will promote clean vehicle technology thereby helping fulfill New York's contribution to the multistate compact of increasing zero emission vehicles on the road and stimulate economic growth of the state.
Justification
Electric vehicles and zero emission vehicles utilize new clean technologies that are more costly than many traditional vehicles, yet yield greater environmental benefits. This legislation creates incentives for new vehicle buyers to purchase a more environmentally friendly vehicle.
Prior legislative history
None
Fiscal implications
TBD
Effective date
Immediately, except for § 1 which shall take effect on July 1, 2016
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.