New York S 2374: Provides for funding for the consolidated local street and highway improvement program

Bill Text

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S02374 Summary:

BILL NOS02374 

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SAME ASNo Same As

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SPONSORMATTERA

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COSPNSR

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MLTSPNSR

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Amd §1148, Tax L

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Provides for funding for the consolidated local street and highway improvement program from a percentage of online sales taxes.

Go to top S02374 Actions:

BILL NOS02374 

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01/16/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS02374 Committee&nbspVotes:

Go to topS02374 Floor&nbspVotes:

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

Go to topS02374 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2374

 2025-2026 Regular Sessions

 IN SENATE

 January 16, 2025
 ___________

 Introduced by Sen. MATTERA -- read twice and ordered printed, and when
 printed to be committed to the Committee on Budget and Revenue

 AN ACT to amend the tax law, in relation to providing for funding for
 the consolidated local street and highway improvement program; and
 providing for the repeal of such provisions upon expiration thereof

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

 1 Section 1. Section 1148 of the tax law is amended by adding a new
 2 subdivision (d) to read as follows:
 3 (d) Provided however, after funds are distributed pursuant to subdivi-
 4 sions (b) and (c) of this section but before such funds are distributed
 5 pursuant to subdivision (a) of this section, funds shall be deposited by
 6 the comptroller in an amount equal to four percent of such funds attrib-
 7 utable to online retail sales, including but not limited to, such funds
 8 collected from marketplace providers as defined in section eleven
 9 hundred one of this article, in the local infrastructure account of the
 10 general fund established pursuant to section seventy-two of the state
 11 finance law to be directed to the consolidated local street and highway
 12 improvement program (CHIPS).
 13 § 2. This act shall take effect on the first of January next succeed-
 14 ing the date on which it shall have become a law, and shall expire and
 15 be deemed repealed 3 years after such date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03718-02-5

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