S T A T E O F N E W Y O R K
________________________________________________________________________
2374
2025-2026 Regular Sessions
I N S E N A T E
January 16, 2025
___________
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
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, IN 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. 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be deemed repealed 3 years after such date.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.
LBD03718-02-5