Provides that sales and compensating use taxes on a new mobile home purchased as a primary residence shall be computed on thirty-five percent of the receipts or consideration given therefor by the purchaser or user.
S10491 would amend New York’s Tax Law to change how sales tax and compensating use tax are calculated for new mobile homes. Under current law, those taxes are computed on 70% of the purchase price or other consideration. The bill keeps that general rule in place, but creates a lower tax base for a new mobile home when it is purchased as a primary residence: in that case, the tax would be computed on 35% of the receipts or consideration instead of 70%.
The measure is narrowly focused on the tax treatment of new mobile homes and does not change the underlying sales tax rate itself. Its practical effect would be to reduce the tax burden for buyers who use a new mobile home as their main home, while leaving other mobile home purchases subject to the existing 70% tax base. The bill would take effect immediately upon enactment.
This bill would amend section 1111 of the Tax Law, which governs the tax base used to calculate sales and use taxes on new mobile homes. It would create a new reduced assessment base for primary-residence purchases, effectively lowering the amount of taxable consideration from 70% to 35% for qualifying buyers. The change would affect purchasers of new mobile homes, sellers, and local and state tax collections tied to sales and compensating use taxes.
Based on the bill text and the absence of recorded committee discussion or votes, the available context suggests a straightforward, policy-specific proposal rather than a controversial measure. The bill appears designed to provide tax relief to homeowners in mobile homes, especially those using them as primary residences. No formal opposition, amendments, or recorded vote history is available in the provided materials.
The main policy issue is whether new mobile homes purchased as primary residences should receive a preferential tax base compared with other mobile home purchases. Supporters would likely view the reduced tax computation as housing affordability relief for owner-occupants, while potential critics could argue that it creates a special tax preference, reduces revenue, or complicates administration by requiring verification that the mobile home is a primary residence. No specific stakeholders or objections are identified in the provided transcript or voting record.