Bill > S04799

This bill amends the New York tax law to compute sales and compensating use tax on retail sales of motor fuel and diesel motor fuel at a rate of cents per gallon, rather than a percentage of the sale price. It also requires the prepayment of these taxes when the fuel is imported, manufactured, or sold in the state. The bill will take effect on the first day of the next sales tax quarterly period, at least 90 days after it becomes law, and will apply according to the relevant transitional provisions.