New York S03606 repeals tax exemptions for certain motor fuel and petroleum products, affecting businesses and consumers.

New York S03606, known as the "Stop Climate Polluter Handouts Act," repeals several tax exemptions related to motor fuel and petroleum products. It removes exemptions for manufacturing gallonage, reimbursement, utility credit, aviation fuel businesses, and services rendered with respect to certain property. It also repeals the exemption for fuel sold to an airline for use in its airplanes. The bill aims to eliminate certain tax benefits for specific uses and businesses, impacting how these entities are taxed.

New York S03606 repeals tax exemptions for certain motor fuel and petroleum products, affecting businesses and consumers.

New York S03606, known as the "Stop Climate Polluter Handouts Act," repeals several tax exemptions related to motor fuel and petroleum products. It removes exemptions for manufacturing gallonage, reimbursement, utility credit, aviation fuel businesses, and services rendered with respect to certain property. It also repeals the exemption for fuel sold to an airline for use in its airplanes. The bill aims to eliminate certain tax benefits for specific uses and businesses, impacting how these entities are taxed.