Bill Summary: A05326

• Repeals Article 23 of the Tax Law, which imposed the metropolitan commuter transportation mobility tax in New York State.

• Removes all references to Article 23 from multiple sections of state tax law, administrative code of New York City, education law, highway law, public authorities law, and state finance law.

• Eliminates provisions allowing tax credits and deductions related to Article 23 taxes for individuals and corporations in various income tax articles.

• Redirects tax revenue that would have been paid to the metropolitan transportation authority aid trust account to the highway and bridge trust fund instead.

• Takes effect immediately upon enactment with certain technical provisions subject to expiration dates under prior law.