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- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
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Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
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 exempting fuel used in vessels used directly and predominantly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes
Purpose
Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities.
Summary of provisions
Amends the tax law to provide a full exemption from both the petroleum business tax and sales and compensating use tax for charter boats used directly and predominantly in a business providing sport fishing opportunities for hire to the general public.
Justification
The original intent of this policy, as it relates to charter boats and commercial fishing vessels, was to prevent tax evasion in the diesel fuel industry. However, it was not intended to be burdensome to many of the state's industries such charter boats and their fuel distributors.
The implementation of this law has caused a great deal of hardship for the marine and party charter boat industry. The negative financial consequences of this cash flow are a large burden for the charter boat captains of this state.
The negative impacts of this law have also been carried over to the fuel distributors of charter boats. Because of the payment requirement, many captains are now purchasing their fuel at ports outside of New York. This will result in the loss of thousands of dollars in revenue for the state's fuel distributors. This legislation would no longer require charter boats to pay any excise or state sales taxes for the purchase of diesel motor fuel.
This legislation would provide a full exemption from both the petroleum business tax and sales and compensating use tax for charter boats used directly and predominantly in a business providing sport fishing opportunities for hire to the general public.
Legislative history
2013-14 S.1766A/A.1218A; 2012 S.7145
Fiscal implications
To be determined.
Effective date
This act shall take effect on the ninetieth day after it shall have become a law; provided, further that the amendments to the opening paragraph of section 301-c of the tax law, made by section four of this act shall affect the expiration and repeal of such paragraph pursuant to section 19 of the part W-1 of Chapter 109 of the Laws of 2006, as amended, and shall expire and be deemed repealed therewith, when upon such date the provisions of section five of this act shall take effect.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.