New York A10395 amends tax law to subject sales of rental vehicles to rental businesses to taxes, excluding them from resale exemptions.
New York A10395 amends the tax law to ensure that sales of rental vehicles to rental businesses for use in their operations are subject to applicable taxes. This change explicitly excludes such sales from being considered sales for resale, thereby removing any potential tax exemptions that might apply. The amendment takes effect 30 days after the bill becomes law.
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