NY AB 5927
Limits the state tax on motor and diesel fuels to the national average.
Repeals the current tax on motor fuel and institutes a new tax not to exceed the national average of taxes on motor fuel by states and the District of Columbia, including any taxes
and fees imposed by local governments, as complied annually by the department.
States that the methodology by which the department computes the national average of sales taxes on motor fuel
for the purposes of limiting the annual excise tax shall be subject to the review and approval of a majority of the legislature every four years.
Carries-over to 2022.
03/02/2021 Referred to Assembly Committee on Ways and Means.