Senate Bill S2647

2023-2024 Legislative Session

Provides for funding for the consolidated local street and highway improvement program and the COVID-19 pandemic small business recovery grant program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue 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

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2023-S2647 (ACTIVE) - Details

See Assembly Version of this Bill:
A6001
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §1148, Tax L
Versions Introduced in 2021-2022 Legislative Session:
S8768, A9992

2023-S2647 (ACTIVE) - Summary

Provides for funding for the consolidated local street and highway improvement program and the COVID-19 pandemic small business recovery grant program from a percentage of online sales taxes.

2023-S2647 (ACTIVE) - Sponsor Memo

2023-S2647 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2647
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2023
                                ___________
 
 Introduced  by  Sen. MATTERA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 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; and providing
   for the repeal of such provisions upon expiration thereof
 
   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 it 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.
                                                            LBD06083-01-3



              

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