Bill

Bill > A04944


NY A04944

NY A04944
Requires the deposit, into the dedicated highway and bridge trust fund, of a portion of the sales tax collected on each gallon of motor fuel sold at retail; increases the amount to be deposited over time.


summary

Introduced
02/09/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

AN ACT to amend the tax law and the state finance law, in relation to providing for the deposit into the dedicated highway and bridge trust fund of a portion of the sales tax revenue from the sale of motor fuel; and to repeal certain provisions of the state finance law relating thereto

AI Summary

This bill amends the tax law and state finance law to provide for the deposit of a portion of the sales tax revenue from the sale of motor fuel into the dedicated highway and bridge trust fund. The bill gradually increases the amount to be deposited, from one cent per gallon initially to four cents per gallon over a four-year period. The bill also makes other technical changes to the statutes governing the dedicated highway and bridge trust fund.

Committee Categories

Budget and Finance

Sponsors (29)

Last Action

held for consideration in ways and means (on 06/01/2022)

bill text


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