N.Y. Tax Law § 205: Deposit of moneys collected from taxes imposed by sections one hundred eighty-three and one hundred eighty-four of this chapter

§ 205. Deposit of moneys collected from taxes imposed by sections one

hundred eighty-three and one hundred eighty-four of this chapter. 1. (a)

From moneys collected from taxes imposed by sections one hundred

eighty-three and one hundred eighty-four of this chapter during the

period from April first, nineteen hundred eighty-one through March

thirty-first, nineteen hundred eighty-two: (i) the first one hundred

million dollars shall be deposited pursuant to the provisions of section

one hundred seventy-one-a of this chapter; (ii) the next seventy-five

million dollars shall be deposited in the mass transit operating

assistance fund to the credit of the metropolitan mass transit operating

assistance account created pursuant to section eighty-eight-a of the

state finance law; and (iii) of any amounts in excess of one hundred

seventy-five million dollars collected during such period, sixty percent

shall be disbursed pursuant to the provisions of clause (i) of this

paragraph and forty percent pursuant to clause (ii) of this paragraph.

(b) From moneys collected from taxes imposed by such sections during

the period from the first day of April to the thirtieth day of June,

nineteen hundred eighty-two an amount, which when added to the amounts

deposited to the credit of the metropolitan mass transit operating

assistance account pursuant to paragraph (a) of this subdivision, shall

total eighty-four million dollars which shall be deposited in such

account; and the balance of moneys collected during such period shall be

deposited pursuant to the provisions of section one hundred

seventy-one-a of this chapter.

* 2. Of moneys collected from taxes imposed by sections one hundred

eighty-three and one hundred eighty-four of this article subsequent to

June thirtieth, nineteen hundred eighty-two, sixty percent shall be

deposited pursuant to the provisions of section one hundred

seventy-one-a of this chapter, provided that after April first, nineteen

hundred ninety-six, fifty-two percent of such moneys collected on or

after such date shall be so deposited; provided, further, that after

January first, nineteen hundred ninety-seven, fifty and one-half percent

of such moneys collected on or after such date shall be so deposited;

provided, further, that after January first, nineteen hundred

ninety-eight, forty-six percent of such moneys collected on or after

such date shall be so deposited; provided, further, that after January

first, two thousand, thirty-six percent of such moneys collected on or

after such date shall be so deposited; provided, further, that after

January first, two thousand one but before April first, two thousand

four, twenty percent of such moneys collected on or after such date

shall be so deposited; and the balance of such collections shall be

deposited in the mass transportation operating assistance fund to the

credit of the metropolitan mass transportation operating assistance

account; provided, however, for taxable years commencing on or after

January first, nineteen hundred eighty-five and ending on or before

December thirty-first, nineteen hundred eighty-nine, all of the moneys

collected from the tax imposed by section one hundred eighty-four of

this chapter on corporations, joint-stock companies or associations

formed for or principally engaged in the conduct of telephone or

telegraph business shall be deposited in the mass transportation

operating assistance fund to the credit of the metropolitan mass

transportation operating assistance account; and provided, further, that

the actual amount of moneys from the taxes imposed by sections one

hundred eighty-three and one hundred eighty-four of this article which

shall be deposited in such mass transportation operating assistance fund

to the credit of the metropolitan mass transportation operating

assistance account, pursuant to this subdivision, during the twelve

month period from April first, nineteen hundred eighty-five, to and

including March thirty-first, nineteen hundred eighty-six, shall not be

less than sixty million dollars; provided, further, that for the

twenty-four month period from April first, nineteen hundred ninety-four,

to and including March thirty-first, nineteen hundred ninety-six, of the

moneys so collected, sixty percent shall be deposited in the general

fund pursuant to the provisions of section one hundred seventy-one-a of

this chapter, thirty-four and four-tenths percent shall be deposited in

the revenue accumulation fund and five and six-tenths percent shall be

deposited in such mass transportation operating assistance fund to the

credit of such metropolitan mass transportation operating assistance

account.

* NB Effective until April 1, 2028

* 2. Of moneys collected from taxes imposed by sections one hundred

eighty-three and one hundred eighty-four of this chapter subsequent to

June thirtieth, nineteen hundred eighty-two, sixty percent shall be

deposited pursuant to the provisions of section one hundred

seventy-one-a of this chapter, provided that after April first, nineteen

hundred ninety-six, fifty-two percent of such moneys collected on or

after such date shall be so deposited; provided, further, that after

January first, nineteen hundred ninety-seven, fifty and one-half percent

of such moneys collected on or after such date shall be so deposited;

provided, further, that after January first, nineteen hundred

ninety-eight, forty-six percent of such moneys collected on or after

such date shall be so deposited; provided, further, that after January

first, two thousand, thirty-six percent of such moneys collected on or

after such date shall be so deposited; provided, further, that after

January first, two thousand one, twenty percent of such moneys collected

on or after such date shall be so deposited; and the balance of such

collections shall be deposited in the mass transportation operating

assistance fund to the credit of the metropolitan mass transportation

operating assistance account; provided, however, for taxable years

commencing on or after January first, nineteen hundred eighty-five and

ending on or before December thirty-first, nineteen hundred eighty-nine,

all of the moneys collected from the tax imposed by section one hundred

eighty-four of this chapter on corporations, joint-stock companies or

associations formed for or principally engaged in the conduct of

telephone or telegraph business shall be deposited in the mass

transportation operating assistance fund to the credit of the

metropolitan mass transportation operating assistance account; and

provided, further, that the actual amount of moneys from the taxes

imposed by sections one hundred eighty-three and one hundred eighty-four

of this chapter which shall be deposited in such mass transportation

operating assistance fund to the credit of the metropolitan mass

transportation operating assistance account, pursuant to this

subdivision, during the twelve month period from April first, nineteen

hundred eighty-five, to and including March thirty-first, nineteen

hundred eighty-six, shall not be less than sixty million dollars;

provided, further, that for the twenty-four month period from April

first, nineteen hundred ninety-four, to and including March

thirty-first, nineteen hundred ninety-six, of the moneys so collected,

sixty percent shall be deposited in the general fund pursuant to the

provisions of section one hundred seventy-one-a of this chapter,

thirty-four and four-tenths percent shall be deposited in the revenue

accumulation fund and five and six-tenths percent shall be deposited in

such mass transportation operating assistance fund to the credit of such

metropolitan mass transportation operating assistance account.

* NB Effective April 1, 2028

3. The moneys collected from the taxes imposed by sections one hundred

eighty-three and one hundred eighty-four of this article on and after

April first, two thousand thirteen, after reserving amounts for refunds

or reimbursements, shall be distributed as follows: twenty percent of

such moneys shall be deposited to the credit of the dedicated highway

and bridge trust fund established by section eighty-nine-b of the state

finance law, fifty-four percent of such moneys shall be deposited in the

mass transportation operating assistance fund to the credit of the

metropolitan mass transportation operating assistance account created

pursuant to section eighty-eight-a of the state finance law and

twenty-six percent of such moneys shall be deposited in the mass

transportation operating assistance fund to the credit of the public

transportation systems operating assistance account created pursuant to

section eighty-eight-a of the state finance law.