Relates to imposing an additional two percent sales tax on certain retail sales

Imposes an additional two percent sales tax on retail sales of motor vehicles over $70,000 excluding commercial vehicles and electric vehicles, jewelry over $5,000 and articles of clothing, footwear, handbags, luggage, umbrellas, wallets or watches sold for over $1,000; provides that such tax shall be distributed equally to the credit of the state university of New York and the city university of New York.