Senate Bill S2374

2025-2026 Legislative Session

Provides for funding for the consolidated local street and highway improvement program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue 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

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2025-S2374 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §1148, Tax L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8768
2023-2024: S2647

2025-S2374 (ACTIVE) - Summary

Provides for funding for the consolidated local street and highway improvement program from a percentage of online sales taxes.

2025-S2374 (ACTIVE) - Sponsor Memo

2025-S2374 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2374
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 16, 2025
                                ___________
 
 Introduced  by  Sen. MATTERA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation to providing  for  funding  for
   the  consolidated  local  street  and highway improvement program; and
   providing for the repeal of such provisions upon expiration thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  1148  of  the tax law is amended by adding a new
 subdivision (d) to read as follows:
   (D) PROVIDED HOWEVER, AFTER FUNDS ARE DISTRIBUTED PURSUANT TO SUBDIVI-
 SIONS (B) AND (C) OF THIS SECTION BUT BEFORE SUCH FUNDS ARE  DISTRIBUTED
 PURSUANT TO SUBDIVISION (A) OF THIS SECTION, FUNDS SHALL BE DEPOSITED BY
 THE COMPTROLLER IN AN AMOUNT EQUAL TO FOUR PERCENT OF SUCH FUNDS ATTRIB-
 UTABLE  TO ONLINE RETAIL SALES, INCLUDING BUT NOT LIMITED TO, SUCH FUNDS
 COLLECTED FROM  MARKETPLACE  PROVIDERS  AS  DEFINED  IN  SECTION  ELEVEN
 HUNDRED  ONE OF THIS ARTICLE, IN THE LOCAL INFRASTRUCTURE ACCOUNT OF THE
 GENERAL FUND ESTABLISHED PURSUANT TO SECTION SEVENTY-TWO  OF  THE  STATE
 FINANCE  LAW TO BE DIRECTED TO THE CONSOLIDATED LOCAL STREET AND HIGHWAY
 IMPROVEMENT PROGRAM (CHIPS).
   § 2. This act shall take effect on the first of January next  succeed-
 ing  the  date on which it shall have become a law, and shall expire and
 be deemed repealed 3 years after such date.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03718-02-5

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