Bill Text: NY A09725 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to guaranteed shares of revenue of the metropolitan commuter transportation mobility tax; provides that monies in the mobility tax trust account shall be paid over directly to the chief financial officer of each respective county of the district to defray certain transportation, maintenance, and operation costs.

Spectrum: Moderate Partisan Bill (Democrat 12-2)

Status: (Introduced - Dead) 2016-04-05 - referred to ways and means [A09725 Detail]

Download: New_York-2015-A09725-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9725
                   IN ASSEMBLY
                                      April 5, 2016
                                       ___________
        Introduced  by  M.  of A. RAMOS -- Multi-Sponsored by -- M. of A. ENGLE-
          BRIGHT, SOLAGES, THIELE -- read once and referred to the Committee  on
          Ways and Means
        AN  ACT  to  amend  the  tax  law,  the state finance law and the public
          authorities law, in relation to guaranteed shares of  revenue  of  the
          metropolitan commuter transportation mobility tax
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subsections (a) and (b) of section 805 of the tax  law,  as
     2  added  by  section  1  of  part C of chapter 25 of the laws of 2009, are
     3  amended to read as follows:
     4    (a) The taxes, interest, and penalties imposed  by  this  article  and
     5  collected  or received by the commissioner shall be deposited daily with
     6  such responsible banks, banking houses or trust  companies,  as  may  be
     7  designated by the comptroller, to the credit of the comptroller in trust
     8  for the metropolitan transportation authority  and each respective coun-
     9  ty  of  the  district  as  defined  by  section one thousand two hundred
    10  sixty-two of the public authorities law. An account may  be  established
    11  in one or more of such depositories. Such deposits will be kept separate
    12  and apart from all other money in the possession of the comptroller. The
    13  comptroller  shall require adequate security from all such depositories.
    14  Of the total revenue collected or received under this article, the comp-
    15  troller shall retain such amount as the commissioner may determine to be
    16  necessary for refunds under this article. The commissioner is authorized
    17  and directed to deduct from the amounts it receives under this  article,
    18  before  deposit into the trust accounts designated by the comptroller, a
    19  reasonable amount necessary to effectuate refunds of  appropriations  of
    20  the  department  to  reimburse  the department for the costs incurred to
    21  administer, collect and distribute the taxes imposed by this article.
    22    (b) On or before the twelfth and twenty-sixth day of  each  succeeding
    23  month,  after  reserving such amount for such refunds and deducting such
    24  amounts for such costs, as  provided  for  in  subsection  (a)  of  this
    25  section, the commissioner shall certify to the comptroller the amount of
    26  all  revenues  so  received  during  the  prior month as a result of the
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14722-01-6