New York A11438 proposes a gas tax holiday exempting fuel gas, motor fuel, and diesel motor fuel from certain taxes from the first month after.
New York A11438, known as the "gas tax holiday act," proposes to exempt taxes on retail sales of fuel gas, motor fuel, and diesel motor fuel from certain taxes from the first month after the act's effective date until December 31, 2027. This exemption applies to taxes imposed by articles twelve-A, thirteen-A, and twenty-eight of the tax law. Retail sellers and utility corporations can advertise tax-free sales and must reduce prices accordingly. The act also allows for refunds or credits for prepaid taxes and requires municipalities to eliminate taxes on these fuels if they choose to do so.
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