New York A03486 directs a percentage of the stock transfer tax to the metropolitan transportation authority special assistance fund.
New York A03486 amends the tax law, state finance law, and public authorities law to direct a percentage of the stock transfer tax to the metropolitan transportation authority special assistance fund. This fund consists of three accounts: transit, commuter railroad, and corporate transportation. The bill specifies that no person can have a lien on this fund or the stock transfer incentive fund. It takes effect September 1, 2025.
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