New York S00393 amends the tax law to compute sales and compensating use tax on retail sales of motor fuel and diesel motor fuel at a rate of cents.
New York S00393 amends the tax law to compute sales and compensating use tax on retail sales of motor fuel and diesel motor fuel at a rate of cents per gallon, rounded to the nearest cent, multiplied by the cost of the fuel. The tax rate is determined quarterly by the commissioner. The bill also requires the tax to be prepaid on each gallon of fuel. This amendment applies to motor fuel imported, manufactured, or sold in the state, as well as diesel motor fuel sold or used in the state.
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