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A09762 Summary:

BILL NO    A09762B


SPONSOR    Budget



Amd Various laws, generally

Enacts language relating to implementing appropriations made in revenue budget
pursuant to article VII of the constitution; authorizes and directs the
comptroller to make deposits to the dedicated highway and bridge trust fund;
makes technical corrections regarding the reduced rate of sales tax on the sale
of transportation, transmission or distribution of gas or electricity; provides
for residential fuel oil tank credit under the personal income tax and repeals
provisions related thereto; provides for dedicating tax revenues to the
dedicated highway and bridge trust fund; provides for calculating the amount of
tax required to be prepaid for purposes of the prepayment of sales tax on
cigarettes; permits the inspection of certain locations licensed to sell
alcohol for off-premise consumption; provides for enhancing the enforcement of
the taxes on alcoholic beverages with respect to liquors, in relation to the
effectiveness thereof; provides for attribution of certain receipts of OTC
derivatives dealers under article 9-A thereof; provides for participation in
the electronic funds transfer program; provides for the sales and use tax
filing and payment procedures for certain taxpayers; amends the definition of a
new business for purposes of the refundability of certain new business credits;
provides for extending the tax rate reduction under the New York state real
estate transfer tax and the NYC real property transfer tax for conveyances of
real property to existing real estate investment trusts and payments required
on account of estimated taxes; authorizes the waiver of certain penalties and
certain interest with respect to the payment of certain overdue tax
liabilities; conforms certain provisions of law to the federal mobile
telecommunications sourcing act; increases the rate of taxes on tobacco
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