Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to investigations and government operations |
Nov 13, 2013 |
referred to rules |
Senate Bill S5982
2013-2014 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2013-S5982 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8276
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §301-a, Tax L
2013-S5982 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5982 TITLE OF BILL: An act to amend the tax law, in relation to the phase out of the petroleum business tax PURPOSE OF THE BILL: To phase out the petroleum business tax ( PBT) on motor fuel over four years. SUMMARY OF SPECIFIC PROVISIONS: § 1 through § 3- Amends subdivision (b), paragraph 1 of subdivision (c) and the opening paragraph of paragraph 2 of subdivision (c) of 301-a of the Tax Law to phase out the PBT on motor fuel 25% each year until 2018 when the PBT will no longer be levied. § 4- Effective date. JUSTIFICATION: Current state taxes on a gallon of gasoline include the petroleum business tax (18.6 cents per gallon, adjusted annually), the motor fuel excise tax (8.0 cents) and the state sales tax (capped at 8.0 cents), as well as a petroleum testing fee (0.5 cents). These taxes total approximately 35 cents per gallon for gasoline, while the total
2013-S5982 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5982 2013-2014 Regular Sessions I N S E N A T E November 13, 2013 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to the phase out of the petro- leum business tax THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (b) of section 301-a of the tax law is amended by adding a new paragraph 3 to read as follows: (3) COMMENCING ON JANUARY FIRST, TWO THOUSAND FIFTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF SEVENTY-FIVE PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SIXTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSU- ANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF FIFTY PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SEVENTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF TWENTY-FIVE PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND EIGHTEEN, NO TAX SHALL BE IMPOSED PURSUANT TO THIS SUBDIVISION. S 2. Paragraph 1 of subdivision (c) of section 301-a of the tax law is amended by adding a new subparagraph (C) to read as follows: (C) COMMENCING ON JANUARY FIRST, TWO THOUSAND FIFTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF SEVENTY-FIVE PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SIXTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSU- ANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF FIFTY PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND SEVENTEEN, THE MOTOR FUEL COMPONENT CALCULATED PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION SHALL BE MULTIPLIED BY A RATE OF TWENTY-FIVE PERCENT. COMMENCING ON JANUARY FIRST, TWO THOUSAND EIGHTEEN, NO TAX SHALL BE IMPOSED PURSUANT TO THIS SUBDIVISION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11820-02-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.