NY A02910

Eliminates New York State sales and compensating use taxes on biodiesel products produced, processed, and/or distributed in New York State, effective April 1, 2012

Allows sellers to exclude state taxes from the selling price and claim refunds or credits for taxes paid on biodiesel products, with specific provisions for filling stations and blended fuel sales

Defines biodiesel as a diesel motor fuel substitute from nonpetroleum renewable resources meeting EPA registration requirements and ASTM D6751-02A standards

Authorizes cities with populations of one million or more to adopt local resolutions exempting biodiesel products from local sales and compensating use taxes by immediately amending existing tax ordinances

Requires the Commissioner of Taxation and Finance to implement the provisions through rules, regulations, and documentation requirements for refunds and credits