Bill > A05303

This bill provides a motor fuel tax exemption for commercial sport fishing vessels that generate at least 50% of their owner's annual income by offering sport fishing opportunities to the public. The bill defines a "commercial sport fishing vessel" as a vessel owned by someone holding a marine and coastal district party and charter boat license. Specifically, the bill amends the tax law to exempt diesel motor fuel and motor fuel used in these vessels from petroleum business taxes and sales and compensating use taxes. The exemption applies when the vessel's owner receives at least half of their total annual income from providing sport fishing services. Additionally, the bill allows cities with a population of one million or more to elect to provide the same local tax exemption by passing a resolution. The tax exemption is intended to support small businesses in the sport fishing charter industry by reducing their fuel costs. The act will take effect 90 days after becoming law, with some technical provisions related to the implementation of the tax code amendments.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5303