What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
3 Co-sponsors
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to exempting school bus operators from sales tax for equipment and fuel used in operation of a school bus
In Assembly Committee · Ways And Means · Sponsor David Gantt
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, in relation to providing certain school bus operators with a refund or credit of sales and compensating use taxes on the purchase of school buses and equipment and fuel used in the operation of a school bus
Purpose
To create an incentive for the private school bus operators to quickly phase-in the use of new clean-fuel school buses with near zero harmful emissions and ease the escalating financial burden on school bus operators and property tax payers attributed to various state and federal mandates, out-of-control insurance premiums and skyrocketing fuel prices.
Summary of provisions
The bill amends section 1119 of the tax law by phasing in a refund or credit from state sales and use tax on the sale or use by a school bus operator of any school bus (used for the transportation of students to and from school or school related events) and of parts, equipment, lubricants, motor fuel, maintenance, servicing and repairs.
Justification
In recent years, school bus contractors have been hit with enormous increases in costs associated with new clean-fuel school bus regulations, rising insurance premiums, various state and federal mandates and skyrocketing fuel prices yet they have received very small increases in compensation for their long term contracts because the Consumer Price Index, which those increases are based, has not risen at a rate commensurate with those costs. The financial pinch has forced many contractors to decide not to extend existing pupil transportation contracts. Those districts that have had to go out to RFP or bid in the last few years have found that their costs have gone up significantly. Exemption from sales tax would ease the financial strain on contractors, help them conform to new federal clean-fuel regulations, remain competitive and help them extend existing contracts.
Legislative history
2008 S.2441-A Passed Senate and A.1224-B (passed Ways & Means and went to Rules) 2007 S.2441 Passed Senate and A.1224 - Ways & Means 2006 S.2523 Finance and A.9621 - Ways & Means 2005 S.2523 Finance and A,9621 - Ways & Means 2004 S.5890 Finance and A/9652-B - Rules
Fiscal implications
No fiscal impact to the State's 2008-2009 fiscal plan/budget. Based on the effective date of September 1, 2009 it is estimated that this legislation would reduce State and local sales tax revenues by $2.5 million in SFY 2009-2010. The state portion of this reduction would be $1.2 million. In SFY 2010-2012, the first full year of implementation, it is estimated that this legislation would reduce State and local sales tax revenues by $10 million with the State portion being $4.6 million.
EFFECTIVE DATE This act shall take effect on the first day of the sales tax quarterly period next commencing September 1, 2010 after this act shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.