Enacts the "gas tax holiday act"

Summary

The bill creates a tax holiday on gasoline, diesel and fuel‑gas sales in New York from the month after it takes effect until Dec. 31, 2027. Retail fuel sellers and utility companies must lower their prices by the amount of the taxes they would have collected, and they may advertise the tax‑free status. After the holiday ends, the state comptroller must move the foregone tax revenue into a special reserve.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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