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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law and the general business law, in relation to suspending taxes on gasoline and similar motor fuels between the Friday preceding Memorial day and the day following Labor day 2009; and to amend the state finance law, in relation to dedicated highway and bridge trust fund set asides
Purpose
Provides for the suspension of taxes on gasoline ad similar motor fuels between Memorial day and Labor day of 2009.
Summary of provisions
Section 1 amends the Tax Law by adding a new Section 289-g. Section 2 amends subdivision a of Section 1115 of the Tax Law by adding a new paragraph 43. Section .3 amends 301-b of the Tax Law by adding a new subdivision k. Section 4 amends paragraph f of subdivision .3 of Section 89-b of the State Finance Law. Section 5 adds a new section of Unconsolidated Law. Section 6 amends section 392-i of the General Business Law. Section 7 amends section 1817 of the Tax Law. Section 8 provides for an immediate effective date.
Justification
By suspending the state gasoline tax for the summer months, this bill intends to stimulate New York's economy, encouraging travel and its attendant economic benefits for retailers, restaurants, destination locations, and other enterprise in New York. Providing for the suspension of State fuel taxes, presently amounting to approximately thirty two cents per gallon on motor fuel, will lower the cost of doing business in New York and provide the citizens of New York desperately needed economic relief. Additionally, the bill would allow municipalities to suspend local taxes which can account for another 10 cents or more per gallon. The bill contains provision to ensure that no shortfall should occur in highway and bridge funds which are fed by dedicated fuel taxes. Finally, to assure that the savings are passed on the consumer and not absorbed by unscrupulous retailers and distributors, language is included that will allow the Department of Taxation and Finance in conjunction with the Consumer Protection Board to determine if such is the case, and after a hearing, assess stiff fines on bad actors. This same language has been successfully utilized since the imposition of the 2006 gas tax cap which raised similar concerns.
Legislative history
2008: S.7594 - Passed Senate/A.10818 - Referred to Ways & Means.
Fiscal implications
To be determined.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.