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History
- Print number 7219a
- Amend (t) and recommit to investigations and government operations
- Referred to investigations and government operations
Full text
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Sponsor's memo
BILL NUMBER:S7219A
Title of bill
An act to amend the tax law, in relation to establishing exemptions from state sales tax and the petroleum business tax for retail sales of motor fuel and diesel motor fuel; to amend the general business law, in relation to providing for the regulation of motor fuel distributors, importing transporters and terminal operators; to amend the agriculture and markets law, the canal law, the criminal procedure law, the general business law, the highway law, the public authorities law, the state finance law and the tax law, in relation to making conforming changes thereto; to repeal article 12-A of the tax law, in relation to taxes on gasoline and similar motor fuel; and repealing certain provisions of the state finance law and the tax law relating thereto
Purpose
To remove various taxes on motor fuel, saving consumers 34 cents per gallon of gas.
Summary of specific provisions
Various sections of this bill removal the state sales tax on gasoline and diesel, the petroleum business tax, and the motor fuel excise tax to remove 34 cents of tax off of a gallon of gas.
Justification
New York State has the highest gas tax in the country, individuals purchasing gas are taxed at the Federal, State, and Local level. This legislation repeals three state mandated taxes: State Petroleum Business Tax, State Motor Fuel Excise tax, and the State Sales Tax. When taken in totality these taxes equal 34 cents per gallon. New York residents are over taxed and overburdened, removing these taxes will help to alleviate a tax burden that is borne both by business and the individual. New York state should be looking at ways to reduce the tax burden on individuals, while reducing the cost of government.
Prior legislative history
New Bill.
Fiscal implications
$2.2 billion.
Effective date
This act shall take effect January 1, 2013.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.