Bill > S04593

This bill amends the New York state tax law to compute the sales and compensating use tax on retail sales of motor fuel and diesel motor fuel at a rate of a specified number of cents per gallon, as determined quarterly by the commissioner. The bill also requires the prepayment of these taxes on each gallon of fuel imported, manufactured, or sold in the state. The changes will take effect on the first day of the next sales tax quarterly period, at least 90 days after the bill becomes law, and will apply in accordance with the relevant transitional provisions.