New York Codes, Rules and Regulations › Title 20 - DEPARTMENT OF TAXATION AND FINANCE › Chapter III - Fuel and Carrier Taxes › Subchapter C - Truck Mileage and Fuel Use Taxes › Article 1 - Highway Use and Fuel Use Permits › Part 474 - Permits, Plates And Stickers › Section 474.6 - Surrender and cancellation of permits and stickers

Current through Register Vol. 46, No. 28, July 10, 2024
Tax Law, § 502
(a) The permit issued to a carrier for a
					 motor vehicle must be surrendered for cancellation to the State Tax Commission
					 and the sticker issued therefor must be destroyed within five days after the
					 termination of his right to the use or control of the motor vehicle. However,
					 if a permit and sticker are issued to the owner and the vehicle is subsequently
					 leased, the owner may retain possession of the permit and sticker although they
					 may not be used on any other motor vehicle.
(b) A permit issued to the owner of a motor
					 vehicle may be surrendered and the sticker destroyed when the motor vehicle is
					 leased for a period of more than 30 consecutive days under a lease or agreement
					 granting direct control thereof to the lessee in order to relieve the owner of
					 the necessity of including that vehicle in his tax returns. Similarly, after a
					 permit and sticker are issued for a motor vehicle, if the motor vehicle becomes
					 exempt from the provisions of article 21 of the Tax Law, the permit may be
					 surrendered and the sticker destroyed, thus relieving the carrier thereof of
					 the necessity of including that vehicle in his tax returns. (See section
					 484.2  of
					 this Title.)
Example:
A farmer has obtained a permit and sticker for a truck
						which he operates to carry produce from farms not contiguous to his own. The
						truck will no longer carry such produce but will be used exclusively for one of
						the purposes set forth in section
						471.5  of this
						Title. The permit may be surrendered, and the sticker destroyed at the end of
						the month in which he stops carrying produce from other farms.
(c) A permit issued to the lessee of a motor
					 vehicle must be surrendered for cancellation and the sticker issued therefor
					 destroyed within five days after the termination of the lease. However, if a
					 permit and sticker are issued to a lessee of a motor vehicle, the permit and
					 sticker need not be surrendered at the termination of the lease if the lease is
					 immediately renewed or extended and the same lessee continues to operate the
					 motor vehicle.
(d) A permit issued
					 to the owners of a motor vehicle must be surrendered for cancellation and the
					 sticker issued therefor destroyed within five days after a transfer when the
					 motor vehicle for which they were issued is transferred.
(e) A permit issued for a motor vehicle must
					 be surrendered for cancellation and the sticker issued therefor destroyed
					 within five days after the motor vehicle is retired from service or junked, or
					 within five days after any transfer of the business which results in a change
					 of ownership of the motor vehicle. (See sections
					 473.4 and
					 474.5 
					 of this Title.)