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This entry was published on 2014-09-22
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SECTION 392-I
Prices reduced to reflect change in sales tax computation
General Business (GBS) CHAPTER 20, ARTICLE 26
§ 392-i. Prices reduced to reflect change in sales tax computation.
Every person engaged in the retail sale of motor fuel and/or diesel
motor fuel or a distributor of such fuels, as defined in article
twelve-A of the tax law, shall reduce the price such person charges for
motor fuel and/or diesel motor fuel in an amount equal to any reduction
in taxes prepaid by the distributor or paid by retail customers
resulting from computing sales and compensating use taxes at a cents per
gallon rate pursuant to the provisions of paragraph two of subdivision
(e) and subdivision (m) of section eleven hundred eleven of the tax law.