Exempts from sales tax the portion of a motor vehicle purchase price reduced by manufacturer rebates or discounts.

This bill amends the tax law to exempt from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle that is reduced due to a customer rebate or discount provided by a manufacturer. This exemption applies only to the portion of the receipt reduced as a direct result of the rebate or discount applied against the amount due under the sales agreement.

Exempts from sales tax the portion of a motor vehicle purchase price reduced by manufacturer rebates or discounts.

This bill amends the tax law to exempt from the tax on retail sales the portion of a receipt from the purchase of a motor vehicle that is reduced due to a customer rebate or discount provided by a manufacturer. This exemption applies only to the portion of the receipt reduced as a direct result of the rebate or discount applied against the amount due under the sales agreement.