Bill Text: NY S01320 | 2025-2026 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-09 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01320 Detail]

Download: New_York-2025-S01320-Introduced.html

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                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 twelve month period.
    21    § 3. Subdivision 5 of section 88-a of the state finance law is amended
    22  by adding a new paragraph (d) to read as follows:
    23    (d)  The  comptroller  is  hereby  authorized and directed to transfer
    24  fifty percent of the gross receipts of state sales and compensating  use
    25  taxes  collected  pursuant to section eleven hundred five of the tax law
    26  on transportation services provided by transportation network  companies
    27  originating outside the metropolitan transportation commuter district to
    28  the  public  transportation  system  operating assistance account estab-
    29  lished under this subdivision. These transfers shall not be included for
    30  purposes of calculating the sales tax growth factor established in para-
    31  graph (c) of this  subdivision,  and  shall  supplement  the  additional
    32  transfers  indexed  to  the  sales tax growth factor required under this
    33  subdivision. Transfers provided under this paragraph shall not  be  used
    34  to offset reduced transfers under paragraph (c) of this subdivision.
    35    § 4. This act shall take effect immediately.