S7953 (2023-24 session)
NY State bill
Enacts the "New York Oil Windfall Profits Tax Act"; establishes an excise tax on barrels of taxable crude oil at a rate of fifty percent times the excess of the average price of crude oil in the taxable year and the average price of crude oil between 2015 and 2019.
- Title
- Enacts the "New York Oil Windfall Profits Tax Act"
- Type
- New York State Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-01-04
- In committee
- Budget And Revenue
- Introduced
- 2024-01-04
- Law section
- Tax Law
Sponsors
- Kevin S. Parker State Senator, District 21
Heard in committee
- Budget And Revenue NY State Senate committee