NY A07564

Replaces fixed 4-cent per gallon excise tax on motor fuel with an annually determined rate not to exceed the national average of motor fuel taxes across all states and the District of Columbia, to be set by the legislature no later than April 1st each year.

Replaces fixed 4-cent per gallon excise tax on diesel fuel with an annually determined rate not to exceed the national average of diesel fuel taxes across all states and the District of Columbia, to be set by the legislature no later than April 1st each year.

Requires the Department to compile the national average tax rates annually, with the methodology subject to legislative review and approval every four years no later than April 1st.

Repeals four existing sections of tax law relating to supplemental and additional fuel taxes (sections 282-b, 282-c, 284-a, and 284-c).

Removes references to the repealed fuel tax sections from provisions governing tax collections, omnibus carrier reimbursements, school operator reimbursements, and municipal highway fund distributions.