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Sponsors
1 Co-sponsor
History
- Referred to investigations and government operations
- Reported and committed to finance
- 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 or general idea of bill
This bill seeks to provide private school bus operators with an incentive to switch their fleets to new cleaner fuel buses as well as ease the escalating tax burden on the school property tax payers where these companies provide their services.
Summary of specific provisions
Amends section 1119 of the tax law to provide for the phasing in of 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. This bill would begin the phasing in of these credits on September 1, 2010.
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.
Prior legislative history
New bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect on the first day of the sales tax quarterly period next commending September 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.