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This entry was published on 2022-04-22
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SECTION 205
Deposit of moneys collected from taxes imposed by sections one hundred eighty-three and one hundred eighty-four of this chapter
Tax (TAX) CHAPTER 60, ARTICLE 9
§ 205. Deposit of moneys collected from taxes imposed by sections one
hundred eighty-three and one hundred eighty-four of this chapter. 1. (a)
From moneys collected from taxes imposed by sections one hundred
eighty-three and one hundred eighty-four of this chapter during the
period from April first, nineteen hundred eighty-one through March
thirty-first, nineteen hundred eighty-two: (i) the first one hundred
million dollars shall be deposited pursuant to the provisions of section
one hundred seventy-one-a of this chapter; (ii) the next seventy-five
million dollars shall be deposited in the mass transit operating
assistance fund to the credit of the metropolitan mass transit operating
assistance account created pursuant to section eighty-eight-a of the
state finance law; and (iii) of any amounts in excess of one hundred
seventy-five million dollars collected during such period, sixty percent
shall be disbursed pursuant to the provisions of clause (i) of this
paragraph and forty percent pursuant to clause (ii) of this paragraph.

(b) From moneys collected from taxes imposed by such sections during
the period from the first day of April to the thirtieth day of June,
nineteen hundred eighty-two an amount, which when added to the amounts
deposited to the credit of the metropolitan mass transit operating
assistance account pursuant to paragraph (a) of this subdivision, shall
total eighty-four million dollars which shall be deposited in such
account; and the balance of moneys collected during such period shall be
deposited pursuant to the provisions of section one hundred
seventy-one-a of this chapter.

* 2. Of moneys collected from taxes imposed by sections one hundred
eighty-three and one hundred eighty-four of this article subsequent to
June thirtieth, nineteen hundred eighty-two, sixty percent shall be
deposited pursuant to the provisions of section one hundred
seventy-one-a of this chapter, provided that after April first, nineteen
hundred ninety-six, fifty-two percent of such moneys collected on or
after such date shall be so deposited; provided, further, that after
January first, nineteen hundred ninety-seven, fifty and one-half percent
of such moneys collected on or after such date shall be so deposited;
provided, further, that after January first, nineteen hundred
ninety-eight, forty-six percent of such moneys collected on or after
such date shall be so deposited; provided, further, that after January
first, two thousand, thirty-six percent of such moneys collected on or
after such date shall be so deposited; provided, further, that after
January first, two thousand one but before April first, two thousand
four, twenty percent of such moneys collected on or after such date
shall be so deposited; and the balance of such collections shall be
deposited in the mass transportation operating assistance fund to the
credit of the metropolitan mass transportation operating assistance
account; provided, however, for taxable years commencing on or after
January first, nineteen hundred eighty-five and ending on or before
December thirty-first, nineteen hundred eighty-nine, all of the moneys
collected from the tax imposed by section one hundred eighty-four of
this chapter on corporations, joint-stock companies or associations
formed for or principally engaged in the conduct of telephone or
telegraph business shall be deposited in the mass transportation
operating assistance fund to the credit of the metropolitan mass
transportation operating assistance account; and provided, further, that
the actual amount of moneys from the taxes imposed by sections one
hundred eighty-three and one hundred eighty-four of this article which
shall be deposited in such mass transportation operating assistance fund
to the credit of the metropolitan mass transportation operating
assistance account, pursuant to this subdivision, during the twelve
month period from April first, nineteen hundred eighty-five, to and
including March thirty-first, nineteen hundred eighty-six, shall not be
less than sixty million dollars; provided, further, that for the
twenty-four month period from April first, nineteen hundred ninety-four,
to and including March thirty-first, nineteen hundred ninety-six, of the
moneys so collected, sixty percent shall be deposited in the general
fund pursuant to the provisions of section one hundred seventy-one-a of
this chapter, thirty-four and four-tenths percent shall be deposited in
the revenue accumulation fund and five and six-tenths percent shall be
deposited in such mass transportation operating assistance fund to the
credit of such metropolitan mass transportation operating assistance
account.

* NB Effective until April 1, 2024

* 2. Of moneys collected from taxes imposed by sections one hundred
eighty-three and one hundred eighty-four of this chapter subsequent to
June thirtieth, nineteen hundred eighty-two, sixty percent shall be
deposited pursuant to the provisions of section one hundred
seventy-one-a of this chapter, provided that after April first, nineteen
hundred ninety-six, fifty-two percent of such moneys collected on or
after such date shall be so deposited; provided, further, that after
January first, nineteen hundred ninety-seven, fifty and one-half percent
of such moneys collected on or after such date shall be so deposited;
provided, further, that after January first, nineteen hundred
ninety-eight, forty-six percent of such moneys collected on or after
such date shall be so deposited; provided, further, that after January
first, two thousand, thirty-six percent of such moneys collected on or
after such date shall be so deposited; provided, further, that after
January first, two thousand one, twenty percent of such moneys collected
on or after such date shall be so deposited; and the balance of such
collections shall be deposited in the mass transportation operating
assistance fund to the credit of the metropolitan mass transportation
operating assistance account; provided, however, for taxable years
commencing on or after January first, nineteen hundred eighty-five and
ending on or before December thirty-first, nineteen hundred eighty-nine,
all of the moneys collected from the tax imposed by section one hundred
eighty-four of this chapter on corporations, joint-stock companies or
associations formed for or principally engaged in the conduct of
telephone or telegraph business shall be deposited in the mass
transportation operating assistance fund to the credit of the
metropolitan mass transportation operating assistance account; and
provided, further, that the actual amount of moneys from the taxes
imposed by sections one hundred eighty-three and one hundred eighty-four
of this chapter which shall be deposited in such mass transportation
operating assistance fund to the credit of the metropolitan mass
transportation operating assistance account, pursuant to this
subdivision, during the twelve month period from April first, nineteen
hundred eighty-five, to and including March thirty-first, nineteen
hundred eighty-six, shall not be less than sixty million dollars;
provided, further, that for the twenty-four month period from April
first, nineteen hundred ninety-four, to and including March
thirty-first, nineteen hundred ninety-six, of the moneys so collected,
sixty percent shall be deposited in the general fund pursuant to the
provisions of section one hundred seventy-one-a of this chapter,
thirty-four and four-tenths percent shall be deposited in the revenue
accumulation fund and five and six-tenths percent shall be deposited in
such mass transportation operating assistance fund to the credit of such
metropolitan mass transportation operating assistance account.

* NB Effective April 1, 2024

3. The moneys collected from the taxes imposed by sections one hundred
eighty-three and one hundred eighty-four of this article on and after
April first, two thousand thirteen, after reserving amounts for refunds
or reimbursements, shall be distributed as follows: twenty percent of
such moneys shall be deposited to the credit of the dedicated highway
and bridge trust fund established by section eighty-nine-b of the state
finance law, fifty-four percent of such moneys shall be deposited in the
mass transportation operating assistance fund to the credit of the
metropolitan mass transportation operating assistance account created
pursuant to section eighty-eight-a of the state finance law and
twenty-six percent of such moneys shall be deposited in the mass
transportation operating assistance fund to the credit of the public
transportation systems operating assistance account created pursuant to
section eighty-eight-a of the state finance law.