New York S 2120: Relates to business income base and certain small business taxpayers

Bill Text

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S02120 Summary:

BILL NOS02120 

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SAME ASSAME AS A06743

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SPONSORFAHY

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COSPNSR

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MLTSPNSR

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Amd §15, Chap 329 of 1991

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Enables federal aid municipal street and highway funding for projects for painting, striping and other new infrastructure dedicated primarily for pedestrian or cyclist use notwithstanding the ten year service life requirement.

Go to top S02120 Actions:

BILL NOS02120 

&nbsp

01/15/2025REFERRED TO TRANSPORTATION

01/07/2026REFERRED TO TRANSPORTATION

Go to topS02120 Committee&nbspVotes:

Go to topS02120 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS02120 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2120

 2025-2026 Regular Sessions

 IN SENATE

 January 15, 2025
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Transportation

 AN ACT to amend chapter 329 of the laws of 1991, amending the state
 finance law and other laws relating to the establishment of the dedi-
 cated highway and bridge trust fund and the dedicated mass transporta-
 tion trust fund, in relation to the service life requirement for
 painting, striping and other new infrastructure dedicated primarily
 for pedestrian or cyclist use

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision (e) of section 15 of chapter 329 of the laws of
 2 1991, amending the state finance law and other laws relating to estab-
 3 lishing the dedicated highway and bridge trust fund and the dedicated
 4 mass transportation trust fund, as added by chapter 330 of the laws of
 5 1991, is amended to read as follows:
 6 (e) i. The service life of all projects funded pursuant to this
 7 section shall be at least ten years.
 8 ii. The ten year service life requirement of paragraph i of this
 9 subdivision shall not apply to projects funded for painting, striping
 10 and other new infrastructure dedicated primarily for pedestrian or
 11 cyclist use.
 12 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04841-01-5

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