S6635 (2025-26 session)

NY State bill

Imposes an additional two percent sales tax on retail sales of motor vehicles over $70,000, excluding commercial vehicles and electric vehicles, jewelry over $5,000 and articles of clothing, footwear, handbags, luggage, umbrellas, wallets or watches sold for over $1,000; provides that such tax shall be distributed equally to the credit of the state university of New York and the city university of New York.

Title
Relates to imposing an additional two percent sales tax on certain retail sales
Type
New York State Senate bill
Session
2025-26 session
Status
In Senate Committee
Latest action date
2026-01-07
In committee
Budget And Revenue
Introduced
2025-03-19
Law section
Tax Law

Sponsors

Heard in committee

Sources