Repeals stock transfer tax rebates; allocates funds to various state programs; establishes safe water infrastructure action program.

New York Assembly Bill A01494 repeals the rebates for stock transfer tax paid. It dedicates funds from the stock transfer tax fund and the stock transfer incentive fund to various state funds. These funds are allocated to programs including the Metropolitan Transportation Authority financial assistance fund, the Clean Energy Fund, the Consolidated Local Street and Highway Improvement Program, and the Safe Water and Infrastructure Action Program. The latter program aims to support the replacement and rehabilitation of local municipal drinking water, storm water, and sanitary sewer systems.

Repeals stock transfer tax rebates; allocates funds to various state programs; establishes safe water infrastructure action program.

New York Assembly Bill A01494 repeals the rebates for stock transfer tax paid. It dedicates funds from the stock transfer tax fund and the stock transfer incentive fund to various state funds. These funds are allocated to programs including the Metropolitan Transportation Authority financial assistance fund, the Clean Energy Fund, the Consolidated Local Street and Highway Improvement Program, and the Safe Water and Infrastructure Action Program. The latter program aims to support the replacement and rehabilitation of local municipal drinking water, storm water, and sanitary sewer systems.