Bill S6421-2013

Relates to repealing the metropolitan commuter transportation district supplemental registration fee; repealer

Eliminates the metropolitan commuter transportation district supplemental registration fee.

Details

Actions

  • Jan 22, 2014: REFERRED TO FINANCE

Memo

BILL NUMBER:S6421          REVISED MEMO 01/23/14

TITLE OF BILL: An act to amend the state finance law, in relation to the metropolitan transportation authority financial assistance fund; and to repeal article 17-c of the vehicle and traffic law relating to the metropolitan commuter transportation district supplemental registration fee

PURPOSE:

To remove the metropolitan transportation district supplemental registration fee

SUMMARY OF PROVISIONS:

Section 1 repeals Article 17-C of the Vehicle and Traffic Law.

Section 2 amends subdivision 3 and paragraph a of subdivision 6 of section 92-ff of the state finance law to remove the supplemental registration fee from the Metropolitan transportation authority financial assistance fund.

Section 3 sets an immediate effective date.

JUSTIFICATION:

In 2009, the metropolitan transportation district supplemental registration fee was enacted to eliminate a large budget gap due to mismanagement and the Great Recession. Since 2009, this fee has cost hard-working New Yorkers approximately $724 million. The surcharge increased fees by 5% for licenses and permits and increased the cost of automobile registrations by $25 for every New Yorker in the MTA region whether or not they even used the MTA system. This is a regressive cost for New Yorkers that is making it harder to live and do business in our state. Repealing this fee would save New Yorkers approximately $181 million annually.

LEGISLATIVE HISTORY:

This is a new bill.

LOCAL FISCAL IMPLICATIONS:

When fully implemented this bill will save business owners, small farmers and individuals who drive our economy an estimated $ 181 million annually in taxes.

EFFECTIVE DATE:

This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 6421 IN SENATE January 22, 2014 ___________
Introduced by Sen. GIPSON -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the metropolitan transportation authority financial assistance fund; and to repeal article 17-c of the vehicle and traffic law relating to the metropol- itan commuter transportation district supplemental registration fee THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Article 17-C of the vehicle and traffic law is REPEALED. S 2. Subdivision 3 and paragraph (a) of subdivision 6 of section 92-ff of the state finance law, as added by section 1 of part G of chapter 25 of the laws of 2009, are amended to read as follows: 3. Such fund shall consist of all moneys collected therefore or cred- ited or transferred thereto from any other fund, account or source, including, without limitation, the revenues derived from the metropol- itan commuter transportation mobility tax imposed by article twenty- three of the tax law; revenues derived from the special supplemental tax on passenger car rentals imposed by section eleven hundred sixty-six-a of the tax law; revenues derived from the transportation surcharge imposed by article twenty-nine-A of the tax law; [the supplemental registration fees imposed by article seventeen-C of the vehicle and traffic law;] and the supplemental metropolitan commuter transportation district license fees imposed by section five hundred three of the vehi- cle and traffic law. Any interest received by the comptroller on moneys on deposit in the metropolitan transportation authority financial assistance fund shall be retained in and become a part of such fund. (a) The "metropolitan transportation authority aid trust account" shall consist of revenues required to be deposited therein pursuant to the provisions of section eleven hundred sixty-six-a of the tax law; article twenty-nine-A of the tax law; [article seventeen-C of the vehi- cle and traffic law;] and section five hundred three of the vehicle and traffic law, and all other moneys credited or transferred thereto from any other fund or source pursuant to law. S 3. This act shall take effect immediately.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Discuss!

blog comments powered by Disqus