Bill > S01320

This bill modifies existing tax and finance laws to create new funding mechanisms for transportation authorities in New York State. Specifically, the bill expands the definition of "transportation service" to explicitly include services provided by transportation network companies (like Uber or Lyft), and establishes new rules for transferring sales tax revenues. Starting in the fiscal year ending March 31, 2025, the state comptroller will be required to transfer funds from the general fund into two specific accounts: the metropolitan transportation authority aid trust account and the public transportation system operating assistance account. For the first year, a flat $10 million will be transferred, and in subsequent years, the transfer will be 50% of gross sales tax receipts from transportation network company services. The bill includes a provision to ensure that the metropolitan transportation authority retains at least $85 million in revenues, with potential adjustments based on the consumer cost index. These transfers are designed to provide additional funding support for public transportation systems, both within and outside the metropolitan transportation commuter district, without reducing existing funding streams.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1320