Assembly Actions -
Senate Actions - UPPERCASE
|Jan 18, 2022
referred to investigations and government operations
Senate Bill S7875
2021-2022 Legislative Session
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S7875 (ACTIVE) - Details
2021-S7875 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7875 SPONSOR: SAVINO TITLE OF BILL: An act to amend the tax law, in relation to providing an exemption from the payments of the petroleum business tax on the operation of commer- cial tugboats, barges and other commercial towboats PURPOSE OR GENERAL IDEA OF BILL: To provide commercial tugboats; barges and other commercial towboats an exemption from the petroleum business tax (PBT) SUMMARY OF SPECIFIC PROVISIONS: Section one is the legislative findings and declarations. Section two amends paragraph 2 of subdivision (b) of section 301-a of the tax law, as added by section 154 of part A of chapter 389 of the laws of 1997 relating to commercial tugboats, barge or other commercial tugboat operators.
2021-S7875 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7875 I N S E N A T E January 18, 2022 ___________ Introduced by Sen. SAVINO -- 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, in relation to providing an exemption from the payments of the petroleum business tax on the operation of commer- cial tugboats, barges and other commercial towboats THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and declarations. The legislature hereby finds that commercial tugboat, barge and other commercial towboat operators are subject to the petroleum business tax when their vessels are used in commercial tugboat, barge and other commercial towboat oper- ations. The legislature further finds that such commercial tugboat, barge and other commercial towboat operators endure an administrative and unexpected financial burden as a result of such law that is not warranted by the minimal amounts to be collected from the commercial tugboat, barge and other commercial towboat operators under such law, as determined by the state of New York. The legislature, therefore, declares that it is in the best interest of the commercial tugboat, barge and other commercial towboat industry of the state of New York to exempt the commercial tugboat, barge and other commercial towboat industry from this tax. § 2. Paragraph 2 of subdivision (b) of section 301-a of the tax law, as added by section 154 of part A of chapter 389 of the laws of 1997, is amended to read as follows: (2) Motor fuel brought into this state in the fuel tank connecting with the engine of a vessel propelled by the use of such motor fuel shall be deemed to constitute a taxable use of motor fuel for the purposes of this subdivision to the extent that the fuel is consumed in the operation of the vessel in this state. Provided, however, that this paragraph shall not apply to (i) a recreational motor boat or (ii) subsequent to August thirty-first, nineteen hundred ninety-four, a commercial fishing vessel (as defined in subdivision (j) of section three hundred of this article) if the motor fuel imported and consumed EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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