Bill Text: NY A06895 | 2015-2016 | General Assembly | Amended
Bill Title: Relates to the state sales and compensating use tax on the retail sales of motor fuel and diesel motor fuel; establishes that the sales tax and compensating use tax on the retail sale of motor fuel shall be eight cents or four percent, whichever is less; requires the commissioner of taxation and finance to quarterly establish the lowest price for motor fuel and diesel motor fuel based on the lowest price being charged on any given day during the three consecutive months beginning four months prior to the start of any sales tax quarter by surveying a minimum of ten selected truck stops widely scattered throughout the state.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2016-02-23 - print number 6895a [A06895 Detail]
Download: New_York-2015-A06895-Amended.html
STATE OF NEW YORK ________________________________________________________________________ S. 4723--A A. 6895--A 2015-2016 Regular Sessions SENATE - ASSEMBLY April 10, 2015 ___________ IN SENATE -- Introduced by Sens. LAVALLE, DeFRANCISCO, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee IN ASSEMBLY -- Introduced by M. of A. THIELE, COLTON, COOK, CURRAN, FITZPATRICK, GRAF, HOOPER, LAWRENCE, LUPINACCI, McKEVITT, RAIA, PALUM- BO -- Multi-Sponsored by -- M. of A. MAGEE, MALLIOTAKIS, PEOPLES-STOKES, ROBINSON -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to the state sales and compen- sating use tax on the retail sales of motor fuel and diesel motor fuel The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (m) of section 1111 of the tax law, as amended 2 by section 1 of part M1 of chapter 109 of the laws of 2006 and paragraph 3 7 as amended by section 11 of subpart I of part VI of chapter 57 of the 4 laws of 2009, is amended to read as follows: 5 (m) Notwithstanding any provision of law to the contrary: 6 (1) The sales tax imposed by subdivision (a) of section eleven hundred 7 five of this [article] part and the compensating use tax imposed by 8 section eleven hundred ten of this [article] part, in regard to retail 9 sales of motor fuel and diesel motor fuel, shall be eight cents per 10 gallon or four percent, whichever is less, as computed pursuant to para- 11 graph five of this subdivision. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09086-02-6
