NY A05660

Eliminates New York state sales and compensating use taxes on biodiesel products produced, processed, and/or distributed in New York State, effective April 1, 2014

Allows sellers to exclude taxes from biodiesel selling prices and claim refunds or credits for taxes paid, subject to Commissioner approval and regulations

Permits sellers purchasing biodiesel with full taxes included to claim refunds or credits for taxes exceeding eighty percent of the imposed amount

Authorizes cities, counties, and school districts to adopt local laws eliminating the biodiesel tax exemption unless they elect to provide it; cities with populations over one million may enact resolutions immediately implementing the exemption

Requires Commissioner of Taxation and Finance to implement provisions regarding tax elimination on biodiesel products and related administrative procedures