Bill Text: NY S06470 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 6470 (Prior Session Legislation)

Introduced

Bill Title: Relates to the transfer of funds into the metropolitan transportation authority aid trust account and the public transportation system operating assistance account.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2016-01-14 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S06470 Detail]

Download: New_York-2015-S06470-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          6470
                    IN SENATE
                                    January 14, 2016
                                       ___________
        Introduced  by  Sens.  DILAN, HOYLMAN -- read twice and ordered printed,
          and when printed to be committed to the  Committee  on  Investigations
          and Government Operations
        AN  ACT  to  amend the tax law and the state finance law, in relation to
          the transfer of funds into the metropolitan  transportation  authority
          aid  trust  account  and  the public   transportation system operating
          assistance account
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Paragraph 10 of subdivision (c) of section 1105 of the tax
     2  law, as added by section 2 of part U-1 of chapter  57  of  the  laws  of
     3  2009, is amended to read as follows:
     4    (10)  Transportation  service,  whether  or  not any tangible personal
     5  property is transferred in  conjunction  therewith,  and  regardless  of
     6  whether  the charge is paid in this state or out of state so long as the
     7  service is provided in this state.  For purposes of this section, trans-
     8  portation service shall  include  services  provided  by  transportation
     9  network companies.
    10    §  2.  Subdivision  6  of  section  92-ff  of the state finance law is
    11  amended by adding a new paragraph (c) to read as follows:
    12    (c) The comptroller is hereby authorized and directed to transfer from
    13  the general  fund  for  deposit  into  the  metropolitan  transportation
    14  authority  aid  trust  account,  on or before March thirty-first of each
    15  year, an amount equal to the following:
    16    (i) For the state fiscal year ending March thirty-first, two  thousand
    17  sixteen, ten million dollars;
    18    (ii)  In  each succeeding state fiscal year, the transfer shall ensure
    19  that  the  metropolitan  transportation  authority  aid  trust   account
    20  receives  a  sum equal to fifty percent of gross receipts of state sales
    21  and compensating use taxes collected pursuant to section eleven  hundred
    22  five  of the tax law for transportation services provided by transporta-
    23  tion network companies originating in any of the  twelve  counties  that
    24  comprise  the  metropolitan transportation commuter district established
    25  pursuant to section twelve hundred sixty-two of the  public  authorities
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13455-02-6