Relates to repealing the metropolitan commuter transportation district supplemental registration fee; repealer

BILL NUMBER:S6421 REVISED MEMO 01/23/14

Title of bill

An act to amend the state finance law, in relation to the metropolitan transportation authority financial assistance fund; and to repeal article 17-c of the vehicle and traffic law relating to the metropolitan commuter transportation district supplemental registration fee

Purpose

To remove the metropolitan transportation district supplemental registration fee

Summary of provisions

Section 1 repeals Article 17-C of the Vehicle and Traffic Law.

Section 2 amends subdivision 3 and paragraph a of subdivision 6 of section 92-ff of the state finance law to remove the supplemental registration fee from the Metropolitan transportation authority financial assistance fund.

Section 3 sets an immediate effective date.

Justification

In 2009, the metropolitan transportation district supplemental registration fee was enacted to eliminate a large budget gap due to mismanagement and the Great Recession. Since 2009, this fee has cost hard-working New Yorkers approximately $724 million. The surcharge increased fees by 5% for licenses and permits and increased the cost of automobile registrations by $25 for every New Yorker in the MTA region whether or not they even used the MTA system. This is a regressive cost for New Yorkers that is making it harder to live and do business in our state. Repealing this fee would save New Yorkers approximately $181 million annually.

Legislative history

This is a new bill.

Local fiscal implications

When fully implemented this bill will save business owners, small farmers and individuals who drive our economy an estimated $ 181 million annually in taxes.

Effective date

This act shall take effect immediately.