2023 New York Laws › TAX - Tax › Article 9 - Corporation Tax › 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, 2026
* 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, 2026
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.