senate Bill S5982

2013-2014 Legislative Session

Phases out the petroleum tax

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to investigations and government operations
Nov 13, 2013 referred to rules

S5982 - Details

See Assembly Version of this Bill:
A8276
Law Section:
Tax Law
Laws Affected:
Amd §301-a, Tax L

S5982 - Summary

Phases out the petroleum tax in four year increments.

S5982 - Sponsor Memo

S5982 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5982

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            November 13, 2013
                               ___________

Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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

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