Increases the retention percentage for certain motor vehicle service fees in New York.
This bill amends the vehicle and traffic law to increase the retention percentage for certain motor vehicle service fees. Specifically, it raises the percentage from 10.75% to 25% for fees collected by county clerks. This change applies to all transactions conducted on the internet by residents of the county and by designated partners of the department on behalf of such residents. The commissioner will certify the amounts to be retained by each county clerk. The bill takes effect on January 1 of the next year following its enactment.
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