New York S 1320: Relates to the transfer of funds into the metropolitan transportation authority aid trust account and the public transportation system operating assistance account

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S01320 Summary:

BILL NOS01320 

&nbsp

SAME ASNo Same As

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SPONSORHOYLMAN-SIGAL

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COSPNSR

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MLTSPNSR

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Amd §1105, Tax L; amd §§92-ff & 88-a, St Fin L

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Relates to the transfer of funds into the metropolitan transportation authority aid trust account and the public transportation system operating assistance account.

Go to top S01320 Actions:

BILL NOS01320 

&nbsp

01/09/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS01320 Committee&nbspVotes:

Go to topS01320 Floor&nbspVotes:

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

Go to topS01320 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1320

 2025-2026 Regular Sessions

 IN SENATE

 January 9, 2025
 ___________

 Introduced by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and
 when printed to be committed to the Committee on Investigations and
 Government Operations

 AN ACT to amend the tax law and the state finance law, in relation to
 the transfer of funds into the metropolitan transportation authority
 aid trust account and the public transportation system operating
 assistance account

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

 1 Section 1. Paragraph 10 of subdivision (c) of section 1105 of the tax
 2 law, as added by section 2 of part U-1 of chapter 57 of the laws of
 3 2009, is amended to read as follows:
 4 (10) Transportation service, whether or not any tangible personal
 5 property is transferred in conjunction therewith, and regardless of
 6 whether the charge is paid in this state or out of state so long as the
 7 service is provided in this state. For purposes of this section, trans-
 8 portation service shall include services provided by transportation
 9 network companies.
 10 § 2. Subdivision 6 of section 92-ff of the state finance law is
 11 amended by adding a new paragraph (c) to read as follows:
 12 (c) The comptroller is hereby authorized and directed to transfer from
 13 the general fund for deposit into the metropolitan transportation
 14 authority aid trust account, on or before March thirty-first of each
 15 year, an amount equal to the following:
 16 (i) For the state fiscal year ending March thirty-first, two thousand
 17 twenty-five, ten million dollars;
 18 (ii) In each succeeding state fiscal year, the transfer shall ensure
 19 that the metropolitan transportation authority aid trust account
 20 receives a sum equal to fifty percent of gross receipts of state sales
 21 and compensating use taxes collected pursuant to section eleven hundred
 22 five of the tax law for transportation services provided by transporta-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04181-01-5

 S. 1320 2

 1 tion network companies originating in any of the twelve counties that
 2 comprise the metropolitan transportation commuter district established
 3 pursuant to section twelve hundred sixty-two of the public authorities
 4 law, in addition to the receipts collected under section twelve hundred
 5 eighty-one of the tax law. Provided, however, that if the aggregate
 6 amount of revenues retained by the metropolitan transportation authority
 7 pursuant to paragraph ten of subdivision (c) of section eleven hundred
 8 five of the tax law and section twelve hundred eighty-one of the tax law
 9 is less than eighty-five million dollars, then the comptroller shall
 10 increase the percentage of state sales and compensating use taxes
 11 retained by the metropolitan transportation authority until it retains
 12 no less than eighty-five million dollars for the state fiscal year
 13 ending March thirty-first, two thousand twenty-six. Further, the comp-
 14 troller shall increase the level of transfer from the general fund for
 15 subsequent state fiscal years to an amount equal to the product of the
 16 aggregate amount discussed in the previous sentence and one plus the
 17 consumer cost change factor. For purposes of this subparagraph, the
 18 consumer cost change factor is the percentage of change of the national
 19 consumer cost index for the most recent twelve month period relative to
 20 the previous t