Bill > S01628

This bill amends the New York tax law to create a new exemption from the petroleum business tax for diesel and motor fuel used in operating various types of cranes for off-road purposes. The bill specifically defines "cranes" broadly to include mobile cranes, hydraulic cranes, crawler cranes, floating cranes, telescopic cranes, gantry cranes, and tower cranes. By creating this exemption, the bill would reduce the tax burden on businesses and industries that use these specialized pieces of heavy equipment, potentially lowering operational costs for construction, maritime, industrial, and other sectors that rely on crane machinery. The exemption would take effect 90 days after the bill becomes law, giving businesses and tax authorities time to prepare for the change in tax treatment. The provision aims to provide financial relief and support for businesses that use cranes in their operations by removing the petroleum business tax on fuel used specifically in crane equipment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1628