New York S09703 amends tax and state finance laws to adjust fund transfers for the Metropolitan Transportation Authority.
New York S09703 amends the tax law to include sales and compensating use taxes on transportation services provided by transportation network companies within the metropolitan transportation commuter district. It also modifies the state finance law to adjust the transfer of funds into the Metropolitan Transportation Authority aid trust account and the public transportation system operating assistance account. The bill ensures that these transfers are indexed to the sales tax growth factor and supplements existing receipts.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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