Bill > A05765

This bill eliminates the parking tax exemption for Manhattan residents and increases car registration fees for vehicles registered to Manhattan residents. Specifically, the bill removes the current tax exemption that allows Manhattan residents to avoid paying taxes on monthly or longer-term parking services. Additionally, it introduces a new $50 car registration fee for vehicles registered to Manhattan residents. The revenue generated from these new fees will be directed to the Metropolitan Transportation Authority (MTA) Finance Fund, which supports public transit infrastructure. By targeting Manhattan residents, the bill aims to generate additional funding for transportation services while changing the existing tax and registration structure. The new provisions will take effect on the first day of January following the bill's passage into law, impacting parking and vehicle registration costs specifically for Manhattan residents.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5765