Bill > S05633

This bill provides a motor fuel tax exemption for commercial sport fishing vessels that derive at least 50% of their owner's total annual income from providing sport fishing opportunities for hire to the general public. Specifically, the bill defines a "commercial sport fishing vessel" as a vessel owned by a person who holds a marine and coastal district party and charter boat license. The legislation amends several sections of New York tax law to create tax exemptions for diesel motor fuel and motor fuel used in these vessels, including exemptions from the tax on petroleum businesses and from sales and compensating use taxes. The bill allows for a reimbursement of taxes for fuel purchased at retail and delivered directly into the vessel's fuel tank, provided that the entire tax amount has been absorbed by the purchaser and proper documentation is provided to the tax commissioner. Additionally, the bill gives cities with a population of one million or more the option to adopt a similar local tax exemption for these commercial sport fishing vessels. The tax exemptions are designed to provide financial relief to businesses that primarily operate sport fishing charters, recognizing the economic importance of this type of maritime enterprise.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5633