S T A T E O F N E W Y O R K
________________________________________________________________________
8276
2013-2014 Regular Sessions
I N A S S E M B L Y
November 20, 2013
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Introduced by M. of A. SCHIMMINGER -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to the phase out of the petro-
leum business tax
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision (b) of section 301-a of the tax law is amended
by adding a new paragraph 3 to read as follows:
(3) COMMENCING ON JANUARY FIRST, TWO THOUSAND FIFTEEN, THE MOTOR FUEL
COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL
BE MULTIPLIED BY A RATE OF SEVENTY-FIVE PERCENT. COMMENCING ON JANUARY
FIRST, TWO THOUSAND SIXTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSU-
ANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE
OF FIFTY PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SEVENTEEN,
THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS
SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF TWENTY-FIVE PERCENT.
COMMENCING ON JANUARY FIRST, TWO THOUSAND EIGHTEEN, NO TAX SHALL BE
IMPOSED PURSUANT TO THIS SUBDIVISION.
S 2. Paragraph 1 of subdivision (c) of section 301-a of the tax law is
amended by adding a new subparagraph (C) to read as follows:
(C) COMMENCING ON JANUARY FIRST, TWO THOUSAND FIFTEEN, THE MOTOR FUEL
COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL
BE MULTIPLIED BY A RATE OF SEVENTY-FIVE PERCENT. COMMENCING ON JANUARY
FIRST, TWO THOUSAND SIXTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSU-
ANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE
OF FIFTY PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SEVENTEEN,
THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS
SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF TWENTY-FIVE PERCENT.
COMMENCING ON JANUARY FIRST, TWO THOUSAND EIGHTEEN, NO TAX SHALL BE
IMPOSED PURSUANT TO THIS SUBDIVISION.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11820-02-3
A. 8276 2
S 3. The opening paragraph of paragraph 2 of subdivision (c) of
section 301-a of the tax law is designated subparagraph (A) and a new
subparagraph (B) is added to read as follows:
(B) COMMENCING ON JANUARY FIRST, TWO THOUSAND FIFTEEN, THE MOTOR FUEL
COMPONENT CALCULATED PURSUANT TO SUBPARAGRAPH (A) OF THIS PARAGRAPH
SHALL BE MULTIPLIED BY A RATE OF SEVENTY-FIVE PERCENT. COMMENCING ON
JANUARY FIRST, TWO THOUSAND SIXTEEN, THE MOTOR FUEL COMPONENT CALCULATED
PURSUANT TO SUBPARAGRAPH (A) OF THIS PARAGRAPH SHALL BE MULTIPLIED BY A
RATE OF FIFTY PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SEVEN-
TEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO SUBPARAGRAPH (A)
OF THIS PARAGRAPH SHALL BE MULTIPLIED BY A RATE OF TWENTY-FIVE PERCENT.
COMMENCING ON JANUARY FIRST, TWO THOUSAND EIGHTEEN, NO TAX SHALL BE
IMPOSED PURSUANT TO THIS SUBDIVISION.
S 4. This act shall take effect on the sixtieth day after it shall
have become a law; provided that the commissioner of taxation and
finance is authorized to promulgate any and all rules and regulations
and take any other measures necessary to implement this act on its
effective date on or before such date.