New York A11093 phases down excise, sales, and petroleum business taxes on diesel and motor fuel when state average prices exceed $2.25 per gallon.

New York A11093 amends the tax law to reduce excise, sales, and petroleum business taxes on diesel and motor fuel when the average price in the state exceeds $2.25 per gallon. The tax decreases incrementally as prices rise, and is suspended entirely if prices reach or exceed $3.00 per gallon. The bill also allows cities with populations over one million and counties to adopt local laws limiting these taxes. The tax revenue is directed to specific state funds for highway reconditioning and preservation.

New York A11093 phases down excise, sales, and petroleum business taxes on diesel and motor fuel when state average prices exceed $2.25 per gallon.

New York A11093 amends the tax law to reduce excise, sales, and petroleum business taxes on diesel and motor fuel when the average price in the state exceeds $2.25 per gallon. The tax decreases incrementally as prices rise, and is suspended entirely if prices reach or exceed $3.00 per gallon. The bill also allows cities with populations over one million and counties to adopt local laws limiting these taxes. The tax revenue is directed to specific state funds for highway reconditioning and preservation.