S T A T E O F N E W Y O R K
________________________________________________________________________
7213
I N S E N A T E
March 23, 2010
___________
Introduced by Sen. LIBOUS -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law and the state finance law, in relation to
providing for the deposit into the dedicated highway and bridge trust
fund of a portion of the sales tax revenue from the sale of motor fuel
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1148 of the tax law, as amended by chapter 3 of the
laws of 2004, is amended to read as follows:
S 1148. Deposit and disposition of revenue. [All] (A) EXCEPT AS OTHER-
WISE PROVIDED IN SUBDIVISION (B) OF THIS SECTION, ALL taxes, interest
and penalties collected or received by the commissioner under this arti-
cle shall be deposited and disposed of pursuant to the provisions of
section one hundred seventy-one-a of this chapter; provided however, the
comptroller shall on or before the twelfth day of each month, pay all
such taxes, interest and penalties collected under this article and
remaining to the comptroller's credit in such banks, banking houses or
trust companies at the close of business on the last day of the preced-
ing month, into the general fund of the state treasury, except as other-
wise provided in sections ninety-two-d and ninety-two-r of the state
finance law and sections eleven hundred two, eleven hundred four and
eleven hundred nine of this article.
(B) ONE CENT OF THE TAXES COLLECTED OR RECEIVED BY THE COMMISSIONER
UNDER THIS ARTICLE FOR THE RETAIL SALE OF EACH GALLON OF MOTOR FUEL
SHALL BE DEPOSITED IN THE DEDICATED HIGHWAY AND BRIDGE TRUST FUND,
ESTABLISHED BY SECTION EIGHTY-NINE-B OF THE STATE FINANCE LAW.
S 2. Subdivision (b) of section 1148 of the tax law, as added by
section one of this act, is amended to read as follows:
(b) [One cent] TWO CENTS of the taxes collected or received by the
commissioner under this article for the retail sale of each gallon of
motor fuel shall be deposited in the dedicated highway and bridge trust
fund, established by section eighty-nine-b of the state finance law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16380-01-0
S. 7213 2
S 3. Subdivision (b) of section 1148 of the tax law, as amended by
section two of this act, is amended to read as follows:
(b) [Two] THREE cents of the taxes collected or received by the
commissioner under this article for the retail sale of each gallon of
motor fuel shall be deposited in the dedicated highway and bridge trust
fund, established by section eighty-nine-b of the state finance law.
S 4. Subdivision (b) of section 1148 of the tax law, as amended by
section three of this act, is amended to read as follows:
(b) [Three] FOUR cents of the taxes collected or received by the
commissioner under this article for the retail sale of each gallon of
motor fuel shall be deposited in the dedicated highway and bridge trust
fund, established by section eighty-nine-b of the state finance law.
S 5. Subdivision (b) of section 1148 of the tax law, as amended by
section four of this act, is amended to read as follows:
(b) [Four] FIVE cents of the taxes collected or received by the
commissioner under this article for the retail sale of each gallon of
motor fuel shall be deposited in the dedicated highway and bridge trust
fund, established by section eighty-nine-b of the state finance law.
S 6. Subdivision 4 of section 89-b of the state finance law, as added
by chapter 56 of the laws of 1993, is amended to read as follows:
4. The highway and bridge capital account shall consist (I) of all
moneys transferred from the special obligation reserve and payment
account, (II) OF ALL MONEYS REQUIRED TO BE DEPOSITED IN THE DEDICATED
HIGHWAY AND BRIDGE TRUST FUND PURSUANT TO SUBDIVISION (B) OF SECTION
ELEVEN HUNDRED FORTY-EIGHT OF THE TAX LAW, and (III) OF any other moneys
credited or transferred thereto from any other fund, account or source.
S 7. This act shall take effect April 1, 2011, provided, that:
(a) section two of this act shall take effect April 1, 2012;
(b) section three of this act shall take effect April 1, 2013;
(c) section four of this act shall take effect April 1, 2014; and
(d) section five of this act shall take effect April 1, 2015.