NY State Senate Bill 2017-S7658

Senate Bill S7658

2017-2018 Legislative Session

Directs the commissioner of taxation and finance to make certain monthly payments to the metropolitan transportation authority

download bill text pdf

Archive: Last Bill Status - In Senate Committee Finance Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

Please enter your contact information

First Name

Last Name

Email Address

A valid email address is required.

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 06, 2018	reported and committed to finance
Feb 05, 2018	referred to investigations and government operations

Votes

- Mar 6, 2018 - Investigations And Government Operations Committee Vote
  S7658
  
  5
  
  Aye
  
  2
  
  Nay
  
  2
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Investigations And Government Operations Committee Vote: Mar 6, 2018
      
      aye (5)
      
      Carlucci
      
      Golden
      
      Lanza
      
      Murphy
      
      Phillips
      
      nay (2)
      
      Hoylman-Sigal
      
      Kavanagh
      
      aye wr (2)
      
      Benjamin
      
      O'Mara

2017-S7658 (ACTIVE) - Details

Current Committee:: Senate Finance
Law Section:: Taxation

2017-S7658 (ACTIVE) - Summary

Directs the commissioner of taxation and finance to make monthly payments to the metropolitan transportation authority from revenue generated by local sales and compensating use taxes in the city of New York.

2017-S7658 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S7658

SPONSOR: KLEIN
 
TITLE OF BILL:  An act to direct the commissioner of taxation and
finance to make certain payments to the metropolitan transportation
authority from local sales and compensating use taxes collected in the
city of New York

 
PURPOSE:

To fund a portion of the Subway Action Plan.

 
SUMMARY OF PROVISIONS:

Section 1: directs the commissioner of tax and finance to direct
payments to the metropolitan transportation authority with a portion of
sales tax collected by the State for the city of New York.

Section 2: Effective date.

JUSTIFICATION:

The MTA has continued to fall into disrepair over the years. Over the
last few years, riders have seen a significant increase in delays and
have watched while their subway system has fallen apart around them.
The subway system has now become outdated and unreliable. The MTA knows
while a long-term fix is necessary, something also has to be done now,
which is why the MTA created the NYC Subway Action plan, which is meant
to address the immediate problems facing the system.  This plan is meant
to deliver immediate improvements to the system through signal replace-
ments, fixing the tracks, and other necessary repairs that need to be
done now. All these repairs and actions need both immediate operational
and capital financial support.

The subway action plan is looking to be funded by an equal investment
between the State and New York City. While the State has expressed their
support in funding their share of the plan, New York City has been
unwilling to do the same. This bill addresses this issue by diverting a
portion of the City's sales tax to the MTA to pay for a portion of the
plan equal to the State's share. New York City residents and businesses
depend on and benefit from a well working transit system, making it
necessary that both the city and the authority continue to invest in the
system. Investments in the system also directly benefit New Yorkers by
allowing businesses to grow and flourish around transit hubs. Since New
York City receives a direct benefit from a well working transit system
it would only make sense if the benefits received from the system are
recaptured and reinvested back into the system.

 
LEGISLATIVE HISTORY:

New Bill.

 
FISCAL IMPACT:

To be determined.

 
EFFECTIVE DATE:
The act shall take effect immediately.

2017-S7658 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7658
 
                             I N  S E N A T E
 
                             February 5, 2018
                                ___________
 
 Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 AN ACT to direct the  commissioner  of  taxation  and  finance  to  make
   certain  payments  to  the  metropolitan transportation authority from
   local sales and compensating use taxes collected in the  city  of  New
   York

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any other provision of law to the contrary,
 from the taxes, interest and penalties  collected  or  received  by  the
 commissioner  of taxation and finance with respect to the tax imposed by
 the city of New York pursuant to the authority of  section  1210,  1211,
 1212  or  1212-A  of  the  tax  law, the state comptroller shall pay, as
 directed  in  writing  by  the  director  of  the  budget,  the  sum  of
 $35,666,667  on or before the twelfth day of each month from such taxes,
 penalties and interest collected or received by such commissioner during
 the previous month to a governmental fund or funds of the state treasury
 to be paid to the metropolitan transportation authority,  and  shall  be
 used  by  such  authority  for the purposes of funding the subway action
 plan. The state comptroller shall make the first payment to  the  metro-
 politan  transportation  authority  on or before the twelfth day of May,
 2018 from the taxes, penalties and interest collected or received during
 April 2018 and the last payment pursuant to this act on  or  before  the
 twelfth  day  of  April,  2019  from  the  taxes, penalties and interest
 collected or received during March 2019. Provided, however, that  in  no
 event  shall  such  payments  exceed  $428,000,000 in a fiscal year; and
 provided, further, that such payments shall not  reduce  the  reasonable
 costs  of such commissioner under subdivision (b) of section 1261 of the
 tax law.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14400-02-8

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.