Bill > S02261

This bill provides a motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public. The bill amends the Tax Law to define a "commercial sport fishing vessel" as a vessel owned by a person who holds a marine and coastal district party and charter boat license. The bill exempts the motor fuel used in these vessels from the tax on petroleum businesses and from sales and compensating use taxes, provided the vessel provides at least 50% of the owner's total annual income. The bill also authorizes cities with a population of one million or more to provide a similar exemption from their local sales and use taxes.