Relates to tax on sales of motor fuel and petroleum products and makes conforming changes; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.
Summary
Bill A03675, known as the "Stop Climate Polluter Handouts Act," aims to amend the New York tax law concerning the taxation of motor fuel and petroleum products. It proposes significant changes, including repealing provisions related to manufacturing gallonage, utility credits, and specific exemptions for aviation fuel. The bill seeks to eliminate tax benefits that are perceived to support climate pollution, thereby aligning tax policy with environmental goals. Furthermore, it introduces adjustments to the tax rates applicable to various fuel types, ensuring that non-highway diesel motor fuel used for heating and other purposes is taxed appropriately.
Impact
The bill's passage would lead to the repeal of several tax exemptions and credits previously available to petroleum businesses, particularly those related to manufacturing and aviation fuel. This would result in increased tax liabilities for these businesses, potentially altering the financial landscape of the petroleum industry in New York. The changes are expected to generate additional state revenue while promoting a shift towards more environmentally sustainable practices by reducing incentives for fossil fuel consumption.
Sentiment
The sentiment surrounding Bill A03675 appears to be mixed, with proponents emphasizing the necessity of aligning tax policies with climate goals and reducing subsidies for fossil fuels. However, opponents express concerns regarding the potential economic impact on the petroleum industry and the risk of increased fuel prices for consumers. The lack of voting history or committee discussions indicates that the bill is still in the early stages of consideration, and further debates are likely as it progresses through the legislative process.
Contention
Notable points of contention include the impact of repealing tax benefits on the petroleum industry and the potential for increased fuel costs for consumers. Supporters of the bill argue that eliminating these handouts is essential for combating climate change, while detractors, including some industry representatives, warn that the bill could harm local economies and lead to job losses in the petroleum sector.
Same As
Relates to tax on sales of motor fuel and petroleum products and makes conforming changes; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.
Relates to tax on sales of motor fuel and petroleum products and makes conforming changes; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.
Limits the use of fossil fuels in the research or production of energy for purposes of the excelsior jobs program; prohibits businesses engaged in the production, transmission, distribution, transportation or storage of fossil fuels from participation in the START-UP NY program; eliminates property that directly produces, transmits, distributes, transports or stores fossil fuels from qualifying tangible property for purposes of the investment tax credit and the Brownfield redevelopment tax credit; relates to tax on sales of motor fuel and petroleum products and makes conforming changes; relates to the definition of qualified rehabilitation expenditures for purposes of the tax credit for rehabilitation of historic properties; relates to the definition of a qualified emerging technology company; relates to the definition of manufacturer for purposes of the calculation of special tax benefits for qualified New York manufacturers; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.
Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; repeals provisions relating to the exemption from sales and compensating use taxes of general aviation aircraft, and machinery or equipment to be installed on such aircraft.
Payment rates established for certain substance use disorder treatment services, and vendor eligibility recodified for payments from the behavioral health fund.
Cover Outstanding Vulnerable Expansion-eligible Residents Now Act or the COVER Now Act This bill establishes a demonstration program to allow local governments to provide health benefits to the Medicaid expansion population in states that have not expanded Medicaid. Under the program, local governments may provide coverage for individuals who are newly eligible for Medicaid under the Patient Protection and Affordable Care Act (i.e., the Medicaid expansion population) for a maximum of 10 years, or until their respective states expand Medicaid. The bill provides a 100% federal matching rate for the first three years of program participation. The bill prohibits states from taking certain actions against participating localities, such as withholding funding, increasing taxes, or restricting provider participation. States that violate these requirements are subject to certain funding penalties.