Legislation
SECTION 392-I
Prices reduced to reflect change in sales tax computation
General Business (GBS) CHAPTER 20, ARTICLE 26
§ 392-i. Prices reduced to reflect change in sales tax computation.
Every person engaged in the retail sale of motor fuel and/or diesel
motor fuel or a distributor of such fuels, as defined in article
twelve-A of the tax law, shall reduce the price such person charges for
motor fuel and/or diesel motor fuel in an amount equal to any reduction
in taxes prepaid by the distributor or paid by retail customers
resulting from computing sales and compensating use taxes at a cents per
gallon rate pursuant to the provisions of paragraph two of subdivision
(e) and subdivision (m) of section eleven hundred eleven of the tax law.
Every person engaged in the retail sale of motor fuel and/or diesel
motor fuel or a distributor of such fuels, as defined in article
twelve-A of the tax law, shall reduce the price such person charges for
motor fuel and/or diesel motor fuel in an amount equal to any reduction
in taxes prepaid by the distributor or paid by retail customers
resulting from computing sales and compensating use taxes at a cents per
gallon rate pursuant to the provisions of paragraph two of subdivision
(e) and subdivision (m) of section eleven hundred eleven of the tax law.