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Bill > S08728
NY S08728
NY S08728Provides for a phased decrease of excise taxes and sales taxes and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon; authorizes cities having a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel.
summary
Introduced
04/05/2022
04/05/2022
In Committee
04/05/2022
04/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Provides for a phased decrease of excise taxes and sales taxes and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon; authorizes cities having a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel.
AI Summary
This bill provides for a phased decrease of excise taxes, sales taxes, and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon. The bill also authorizes cities with a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel. The bill requires retailers and distributors of motor fuel and diesel motor fuel to pass along any tax reductions to consumers by reducing the prices charged.
Committee Categories
Budget and Finance
Sponsors (7)
Jim Tedisco (R)*,
George Borrello (R),
Patrick Gallivan (R),
Daphne Jordan (R),
Michael Martucci (R),
Tony Palumbo (R),
Alexis Weik (R),
Last Action
PRINT NUMBER 8728A (on 04/14/2022)
Official Document
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