New York A11438 enacts the "gas tax holiday act" to exempt taxes on retail sales of fuel gas, motor fuel, and diesel motor fuel from certain taxes.

New York A11438, known as the "gas tax holiday act," exempts 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. During this period, retail sellers must reduce the price per gallon of motor fuel and diesel motor fuel by the amount of the taxes prepaid. Utility corporations must also reduce fuel gas rates per kilowatt hour by the amount of the taxes prepaid. The act allows municipalities to eliminate all taxes on these fuels during the applicable period.

New York A11438 enacts the "gas tax holiday act" to exempt taxes on retail sales of fuel gas, motor fuel, and diesel motor fuel from certain taxes.

New York A11438, known as the "gas tax holiday act," exempts 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. During this period, retail sellers must reduce the price per gallon of motor fuel and diesel motor fuel by the amount of the taxes prepaid. Utility corporations must also reduce fuel gas rates per kilowatt hour by the amount of the taxes prepaid. The act allows municipalities to eliminate all taxes on these fuels during the applicable period.