Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes.
Summary
Bill A05303 aims to amend the New York tax law to exempt fuel used in commercial sport fishing vessels from certain taxes, specifically the tax on petroleum businesses and sales and compensating use taxes. The bill defines a 'commercial sport fishing vessel' as one that provides its owner with at least fifty percent of their total annual income and is licensed under environmental conservation law. This exemption is intended to support businesses that offer sport fishing opportunities for hire to the general public, thereby promoting the sport fishing industry in New York.
Impact
If enacted, this bill would significantly alter the tax obligations for operators of commercial sport fishing vessels in New York. By exempting these vessels from specific fuel taxes, it could reduce operational costs for these businesses, potentially leading to increased profitability and growth within the sport fishing sector. Additionally, local governments with populations over one million would have the authority to adopt similar exemptions, further extending the bill's impact on local tax structures.
Sentiment
The sentiment surrounding Bill A05303 appears to be generally supportive among stakeholders in the sport fishing industry, as it aims to alleviate financial burdens associated with fuel costs. However, there may be concerns from tax policy advocates regarding the implications of tax exemptions on state revenue and the fairness of such exemptions compared to other industries.
Contention
Notable points of contention may arise from the potential loss of tax revenue for the state and local governments, as well as debates about the fairness of providing tax breaks to specific industries. Critics may argue that such exemptions could set a precedent for other industries seeking similar treatment, complicating tax policy and equity among businesses. Proponents, however, may emphasize the economic benefits and job creation associated with a thriving sport fishing industry.
Same As
Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes.
Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes.
Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities for hire to the general public from the tax on petroleum businesses and from sales and compensating use taxes.
Provides for a phased decrease of excise taxes and sales taxes and petroleum business taxes on diesel motor fuel and motor fuel when the average price of motor fuel in the state exceeds $2.25 per gallon; authorizes cities having a population of one million or more and counties to adopt local laws limiting taxes on diesel motor fuel and motor fuel.
Eliminates provisions of law that require the payment and subsequent refund of the ten cent diesel excise tax and sales tax on diesel motor fuel when sold to operators of commercial fishing vessels for use in the operation of such vessels.
Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.
Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.
Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.
Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.
Enacts the "gas tax holiday act"; provides that from the first of the month after the effective date of the section until December 31, 2027 the taxes imposed on retail sales of fuel gas, motor fuel and diesel motor fuel shall be exempt from certain taxes.
A bill for an act concerning quarterly reports on and payments of beer barrel and wine gallonage taxes, and including effective date provisions.(See SF 631.)
A bill for an act concerning quarterly reports on and payments of beer barrel and wine gallonage taxes, and including effective date provisions.(See HF 994.)
A bill for an act concerning quarterly reports on and payments of beer barrel and wine gallonage taxes, and including effective date provisions.(Formerly SSB 1213.)
A bill for an act concerning quarterly reports on and payments of beer barrel and wine gallonage taxes, and including effective date provisions. (Formerly HSB 273.) Effective date: 01/01/2026.