New York legislation · 2025-2026 General Assembly
New York S730: Relates to railroad rolling stock
Status: In committee, January 7, 2026
Exempts railroad rolling stock from sales and compensating use taxes; defines "railroad rolling stock" as a device, which is used exclusively upon stationary rails or tracks to transport goods, commodities, or equipment, including, but not limited to, flat cars, box cars, gondolas, hopper cars, or other freight railroad cars.
What the bill says
An act to amend the tax law, in relation to exempting railroad rolling stock from sales and compensating use taxes.
From the introduced text, January 6, 2025:
AN ACT to amend the tax law, in relation to exempting railroad rolling stock from sales and compensating use taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (a) of section 1115 of the tax law is amended by adding a new paragraph 47 to read as follows: (47) NEWLY MANUFACTURED RAILROAD ROLLING STOCK USED IN INTERSTATE COMMERCE SOLD BY THE MANUFACTURER. FOR PURPOSES OF THIS PARAGRAPH, THE TERM "RAILROAD ROLLING STOCK" SHALL MEAN A DEVICE, WHICH IS USED EXCLUSIVELY UPON STATIONARY RAILS OR TRACKS TO TRANSPORT GOODS, COMMODITIES, OR EQUIPMENT, INCLUDING, BUT NOT LIMITED TO, FLAT CARS, BOX CARS, GONDOLAS, HOPPER CARS, OR OTHER FREIGHT RAILROAD CARS. § 2. This act shall take effect on the first day of a sales tax quarterly period, as described in subdivision (b) of section 1136 of the tax law, next commencing at least 60 days after this act shall have become a law. Effective immediately, the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date are authorized to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02917-01-5
Sponsors
- Patrick Gallivan (R, 60) · primary sponsor
- Ryan, Sean (D, 61)
Latest actions
- : NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
- : REFERRED TO BUDGET AND REVENUE
- : REFERRED TO BUDGET AND REVENUE
Subjects: Tax Law
Common questions
- What is S730?
- S730 is a bill in the New York Legislature (2025-2026 General Assembly): Relates to railroad rolling stock.
- What does S730 do?
- In its own words: An act to amend the tax law, in relation to exempting railroad rolling stock from sales and compensating use taxes.
- What is the status of S730?
- In committee as of January 7, 2026. Latest action: NOTICE OF COMMITTEE CONSIDERATION - REQUESTED (March 11, 2026).
- Who sponsored S730?
- Patrick Gallivan (R, 60), with 1 co-sponsor.
- Where is the official record for S730?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S730
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.