S T A T E O F N E W Y O R K
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9992
I N A S S E M B L Y
April 29, 2022
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Introduced by M. of A. FITZPATRICK -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing for funding for
the consolidated local street and highway improvement program and the
COVID-19 pandemic small business recovery grant program
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 is amended by adding a new
subdivision (d) to read as follows:
(D) PROVIDED HOWEVER, AFTER FUNDS ARE DISTRIBUTED PURSUANT TO SUBDIVI-
SIONS (B) AND (C) OF THIS SECTION BUT BEFORE SUCH FUNDS ARE DISTRIBUTED
PURSUANT TO SUBDIVISION (A) OF THIS SECTION, FUNDS SHALL BE DEPOSITED BY
THE COMPTROLLER IN AN AMOUNT EQUAL TO FOUR PERCENT OF SUCH FUNDS ATTRIB-
UTABLE TO ONLINE RETAIL SALES, INCLUDING BUT NOT LIMITED TO, SUCH FUNDS
COLLECTED FROM MARKETPLACE PROVIDERS AS DEFINED IN SECTION ELEVEN
HUNDRED ONE OF THIS ARTICLE, DIVIDED EQUALLY BETWEEN:
(1) THE LOCAL INFRASTRUCTURE ACCOUNT OF THE GENERAL FUND ESTABLISHED
PURSUANT TO SECTION SEVENTY-TWO OF THE STATE FINANCE LAW TO BE DIRECTED
TO THE CONSOLIDATED LOCAL STREET AND HIGHWAY IMPROVEMENT PROGRAM
(CHIPS);
(2) A FUND DESIGNATED BY THE PRESIDENT OF THE NEW YORK STATE URBAN
DEVELOPMENT CORPORATION TO BE USED FOR THE COVID-19 PANDEMIC SMALL BUSI-
NESS RECOVERY GRANT PROGRAM.
§ 2. This act shall take effect on the first of January next succeed-
ing the date on which is shall have become a law, and shall expire and
be deemed repealed 3 years after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14048-02-2