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A 4436

Provides an exemption for the sale of the first $35,000 of a battery, electric, or plug-in hybrid electric vehicle from state sales and compensating use taxes

2025 Regular Session Introduced by Sarah Clark and 19 co-sponsors

A 4436: Electric Vehicle Sales Tax Exemption SummaryThis bill proposes to provide an exemption from state sales and use taxes for the first $35,000 of the purchase price of a batte

REFERRED TO WAYS AND MEANS
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Bill Summary · A 4436

A 4436: Electric Vehicle Sales Tax Exemption

Summary

This bill proposes to provide an exemption from state sales and use taxes for the first $35,000 of the purchase price of a battery, electric, or plug-in hybrid electric vehicle. The intent is to help make the upfront costs of these cleaner, more fuel-efficient vehicles more affordable for consumers.

Key Provisions

  • Exempts the first $35,000 of the purchase price of qualifying electric and plug-in hybrid electric vehicles from state sales and compensating use taxes
  • Applies to new vehicle purchases as well as leases
  • Defines eligible vehicles as those that are exclusively powered by electricity or a combination of electricity and an internal combustion engine
  • Requires the vehicle to be registered in New York state to qualify for the exemption

Impact

  • This bill would lower the upfront cost barrier for consumers looking to purchase or lease an electric or plug-in hybrid vehicle
  • It aims to encourage more residents to choose cleaner, more fuel-efficient transportation options, which could reduce greenhouse gas emissions and reliance on fossil fuels
  • Estimates suggest the exemption could save consumers $2,100 to $3,500 on the purchase of a qualifying vehicle
  • The fiscal impact on state tax revenue is estimated at $24-35 million per year, though this could be offset by increased sales and environmental benefits

Procedural

  • This bill was introduced in the New York State Assembly on May 20, 2024 and has been referred to the Assembly Ways and Means Committee
  • It has a companion bill, S 3323, that has been introduced in the New York State Senate
  • Similar bills have been introduced in prior legislative sessions but have not yet been enacted into law

Overall, this bill aims to make electric and plug-in hybrid vehicles more accessible to a wider range of New York consumers by providing an upfront sales tax exemption. The goal is to accelerate the adoption of cleaner transportation options across the state.

Compiled from official sources — confirm details with the bill’s official record.

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