Bill > A00567

This bill modifies several state laws to change how certain internet sales and use taxes are collected and allocated, specifically directing these revenues into the Central Business District (CBD) Tolling Capital Lockbox Fund without requiring explicit legislative appropriation. The bill amends existing statutes to ensure that revenues from specific tax sources, including sales taxes and taxes from internet transactions, will be automatically deposited into the CBD Tolling Capital Lockbox Fund, which is partially dedicated to supporting the Metropolitan Transportation Authority (MTA). These changes remove previous requirements for legislative appropriation, meaning the funds will be automatically transferred on a predetermined schedule. The bill specifies specific annual amounts for these tax revenue transfers, starting with $127.5 million in fiscal year 2019-2020 and increasing to 101% of the previous year's amount in subsequent years. The modifications aim to streamline the funding mechanism for transportation infrastructure by creating a more direct and automatic process for allocating these tax revenues, which will help ensure consistent funding for the MTA and related transportation projects.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A567