senate Bill S8483

2021-2022 Legislative Session

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 and establishes a temporary fuel tax holiday; repealer

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Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue Committee


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

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 04, 2022 referred to budget and revenue

Co-Sponsors

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S8483 (ACTIVE) - Details

See Assembly Version of this Bill:
A9827
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§1148 & 1817, add §47, Tax L; amd §§89-b, 88-a & 89-c, rpld §89-b sub 3 ¶(a), St Fin L; amd §392-i, Gen Bus L

S8483 (ACTIVE) - 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; increases the amount to be deposited over time; establishes a temporary fuel tax holiday until September.

S8483 (ACTIVE) - Sponsor Memo

S8483 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8483
 
                             I N  S E N A T E
 
                               March 4, 2022
                                ___________
 
 Introduced by Sens. AKSHAR, OBERACKER -- read twice and ordered printed,
   and when printed to be committed to the Committee on Budget and Reven-
   ue
 
 AN  ACT  to  amend  the  tax law, the general business law and the state
   finance law, in relation to providing for the deposit into  the  dedi-
   cated  highway  and  bridge  trust  fund of a portion of the sales tax
   revenue from the sale of motor fuel and establishing a temporary  fuel
   tax holiday; and to repeal certain provisions of the state finance law
   relating thereto
 
   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 section  6-a  of
 part G of chapter 59 of the laws of 2019, is amended to read as follows:
   §  1148.  Deposit  and disposition of revenue. (a) 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.
   (A-1)  PROVIDED  HOWEVER, BEFORE THE FUNDS MAY BE DISTRIBUTED PURSUANT
 TO SUBDIVISION (A) OF THIS SECTION, 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.
   (b) Provided however, [before] AFTER the funds [may be]  ARE  distrib-
 uted pursuant to subdivision [(a)] (A-1) of this section BUT BEFORE SUCH
 FUNDS  ARE DISTRIBUTED PURSUANT TO SUBDIVISION (A) OF THIS SECTION, such
 funds  shall  be  distributed  as   otherwise   provided   in   sections
 ninety-two-d,  ninety-two-h,  and  ninety-two-r of the state finance law
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05248-04-2

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