 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9374
 
                    IN SENATE
 
                                      May 14, 2024
                                       ___________
 
        Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue
 
        AN ACT to amend the tax law, in relation to sales of rental vehicles
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision (b) of section 1105 of the tax law  is  amended
     2  by adding a new paragraph 5 to read as follows:
     3    (5)  Notwithstanding  any  law,  rule,  regulation, letter, ruling, or
     4  policy to the contrary, the sale of a rental vehicle to a  rental  busi-
     5  ness for use in such business is subject to the taxes imposed under this
     6  section and shall not be considered a sale for resale.
     7    §  2.  This  act shall take effect on the thirtieth day after it shall
     8  have become a law and shall apply to sales of rental vehicles  occurring
     9  on  or  after  such date. Effective immediately, the addition, amendment
    10  and/or repeal of any rule or regulation necessary for the implementation
    11  of this act on  its  effective  date  are  authorized  to  be  made  and
    12  completed on or before such effective date.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15293-01-4
Relates to sales of rental vehicles

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