New York – New Motor Fuel Tax Rates for 2nd and 3rd Quarter 2015 Adopted

SALT Report 3699 – On August 6, 2015 the New York Department of Taxation adopted amendments to Fuel Use Tax Regulations to set the sales tax component and the composite rate per gallon of the Fuel Use Tax on motor fuel and diesel motor fuel for the third quarter of 2015. This regulation also reflects the aggregate rate per gallon for purposes of the joint administration of the Fuel Use Tax and Article 13-A carrier tax. 20 NYCRR section 492.1(b)(1).

Motor Fuel

April – June 2015 Sales Tax Component is 15%; Composite Rate is 23%; Aggregate Rate is 48.0%

July – September 2015 Sales Tax Component is 14.7%; Composite Rate is 22.7%; Aggregate Rate is 40.5%

Diesel Motor Fuel

April – June 2015 Sales Tax Component is 16%; Composite Rate is 24%; Aggregate Rate is 40.5%

July – September 2015 Sales Tax Component is 16%; Composite Rate is 24%; Aggregate Rate is 40.5%

Full Article:

http://www.tax.ny.gov/pdf/rulemaking/aug0615/3qfut15/text.pdf