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NY A02643
Bill
Status
1/19/2011
Primary Sponsor
Dennis Gabryszak
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AI Summary
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Establishes a uniform local sales tax rate of 4 percent per gallon on diesel motor fuel sales statewide, replacing variable rates previously determined by individual localities
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Applies only to localities imposing local sales and compensating use taxes on a cents-per-gallon basis under Article 29, Subpart B of the tax law
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Tax rate subject to quarterly adjustment based on prevailing diesel prices established by the commissioner using prices from at least ten truck stops scattered throughout the state
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Requires the commissioner to develop a compensation mechanism for counties currently charging rates higher than 4 percent to offset their loss in tax revenues
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Takes effect immediately and applies to the next taxable year and all subsequent years
Legislative Description
Sets all local sales tax rates on motor diesel fuel at 4% per gallon payable to those localities of the state which impose local sales and compensating use taxes on a cents per gallon basis pursuant to subpart B of part 1 of article 29 of this chapter.
Last Action
held for consideration in ways and means
6/19/2012