NY A03620

Replaces fixed four-cent excise tax on motor fuel and diesel fuel with annually-determined rates set by legislative majority, capped at the national average of state and local fuel taxes, effective no later than April 1st each year.

Requires the Department to compile annual national average fuel tax data and methodology, subject to legislative review and approval every four years.

Repeals supplemental fuel tax sections (282-b, 282-c, 284-a, 284-c of Tax Law) that previously imposed additional taxes on motor and diesel fuels.

Modifies reimbursement provisions for omnibus carriers, taxicab licensees, and nonpublic school operators to remove references to repealed supplemental tax sections.

Eliminates special subaccount funding provisions for the Thruway Authority related to repealed supplemental fuel taxes, while maintaining existing debt service reserve fund requirements.