Bill Text: NY A06001 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 6001

Introduced

Bill Title: Provides for funding for the consolidated local street and highway improvement program and the COVID-19 pandemic small business recovery grant program from a percentage of online sales taxes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A06001 Detail]

Download: New_York-2023-A06001-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          6001

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     March 30, 2023
                                       ___________

        Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
          Committee on Ways and Means

        AN ACT to amend the tax law, in relation to providing  for  funding  for
          the  consolidated local street and highway improvement program and the
          COVID-19 pandemic small business recovery grant program; and providing
          for the repeal of such provisions upon expiration thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section  1148  of  the tax law is amended by adding a new
     2  subdivision (d) to read as follows:
     3    (d) Provided however, after funds are distributed pursuant to subdivi-
     4  sions (b) and (c) of this section but before such funds are  distributed
     5  pursuant to subdivision (a) of this section, funds shall be deposited by
     6  the comptroller in an amount equal to four percent of such funds attrib-
     7  utable  to online retail sales, including but not limited to, such funds
     8  collected from  marketplace  providers  as  defined  in  section  eleven
     9  hundred one of this article, divided equally between:
    10    (1)  the  local infrastructure account of the general fund established
    11  pursuant to section seventy-two of the state finance law to be  directed
    12  to  the  consolidated  local  street  and  highway  improvement  program
    13  (CHIPS);
    14    (2) a fund designated by the president of the  New  York  state  urban
    15  development corporation to be used for the COVID-19 pandemic small busi-
    16  ness recovery grant program.
    17    §  2. This act shall take effect on the first of January next succeed-
    18  ing the date on which it shall have become a law, and shall  expire  and
    19  be deemed repealed 3 years after such date.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06083-01-3