Bill Text: NY A02425 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 2425

Introduced

Bill Title: Computes sales and compensating use tax on retail sales of motor fuel and diesel motor fuel at a rate of cents per gallon and requires prepayment.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A02425 Detail]

Download: New_York-2023-A02425-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          2425

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 26, 2023
                                       ___________

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

        AN ACT to amend the tax law, in relation to computing sales and  compen-
          sating  use tax on retail sales of motor fuel and diesel motor fuel at
          a rate of cents per gallon

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

     1    Section  1.  Subdivision (m) of section 1111 of the tax law is amended
     2  by adding a new paragraph 8 to read as follows:
     3    (8) The sales and compensating use taxes imposed by subpart B of  part
     4  one  of article twenty-nine of this chapter in regard to retail sales of
     5  motor fuel and diesel motor fuel shall be computed, as determined  quar-
     6  terly by the commissioner, at a rate of cents per gallon, rounded to the
     7  nearest cent, multiplied by the cost of the fuel.
     8    §  2. Paragraph 2 of subdivision (e) of section 1111 of the tax law is
     9  amended by adding a new subparagraph (iv) to read as follows:
    10    (iv) Where motor fuel is imported, manufactured or sold in, or  diesel
    11  motor fuel is sold or used in this state, the sales and compensating use
    12  taxes  imposed  by  subpart B of part one of article twenty-nine of this
    13  chapter as computed pursuant to subdivision (m) of this section shall be
    14  prepaid pursuant to section eleven hundred two of this article  on  each
    15  gallon of fuel.
    16    §  3. This act shall take effect on the first day of a sales tax quar-
    17  terly period, as described in subdivision (b) of section 1136 of the tax
    18  law, next commencing at least ninety days after the date this act  shall
    19  have  become  a  law  and  shall apply in accordance with the applicable
    20  transitional provisions of sections 1106 and 1217 of the tax law.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07134-01-3