New York A11489 proposes a fuel tax holiday exempting retail sales of fuel gas, motor fuel, and diesel motor fuel from taxes until the end of.

New York A11489 amends the tax law to exempt retail sales of fuel gas, motor fuel, and diesel motor fuel from taxes until the end of ongoing hostilities with Iran and the reopening of the strait of Hormuz. The bill defines terms such as "applicable period," "diesel motor fuel," "motor fuel," and "retail sale." It allows municipalities to eliminate all taxes on these fuels and requires the comptroller to transfer funds from the general fund to the energy conservation payment account. The bill also mandates that retail sellers reduce prices and allows them to advertise tax-free sales.

New York A11489 proposes a fuel tax holiday exempting retail sales of fuel gas, motor fuel, and diesel motor fuel from taxes until the end of.

New York A11489 amends the tax law to exempt retail sales of fuel gas, motor fuel, and diesel motor fuel from taxes until the end of ongoing hostilities with Iran and the reopening of the strait of Hormuz. The bill defines terms such as "applicable period," "diesel motor fuel," "motor fuel," and "retail sale." It allows municipalities to eliminate all taxes on these fuels and requires the comptroller to transfer funds from the general fund to the energy conservation payment account. The bill also mandates that retail sellers reduce prices and allows them to advertise tax-free sales.