|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to investigations and government operations|
|Apr 30, 2013||reported and committed to finance|
|Jan 09, 2013||referred to investigations and government operations|
senate Bill S1350
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1350 - Details
S1350 - Summary
Requires the deposit, into the dedicated highway and bridge trust fund, of a portion of the sales tax collected on each gallon of motor fuel sold at retail.
S1350 - Sponsor Memo
BILL NUMBER:S1350 TITLE OF BILL: 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 PURPOSE: The purpose of this bill is to dedicate a portion of funds brought in through sales tax revenue on gasoline and place them in the Dedicated Highway and Bridge Trust Fund. SUMMARY OF PROVISIONS: Section 1. Amends Section 1148 of the Tax Law, to read that one cent of the taxes collected or received by the Commissioner under Section 1148 for the retail sale of each gallon of motor fuel shall be deposited in the Dedicated Highway and Bridge Trust Fund. Section 2. Section 5. Allows for an increase in the amount of dedication to the Highway and Bridge Trust Fund at a rate of $0.02/year as set by the effective dates in Section 7. Section 6 and 7. This section allows for sales tax revenue from gasoline to be directed to the Highway and Bridge Trust Fund.
S1350 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1350 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ 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 SPECIAL OBLIGATION RESERVE AND PAYMENT ACCOUNT OF 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: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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