NY AB 5927

Author

Kieran Lalor
LOB 531
Albany, NY 12248
518-455-5725
LalorK@nyassembly.gov
Author Detail Link
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Bill Text

Category

Fuel Tax

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State

NY

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Summary

Limits the state tax on motor and diesel fuels to the national average.

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Issue

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.

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Notes

Carries-over to 2022.

History

03/02/2021 Referred to Assembly Committee on Ways and Means.