New York Tax Law (Consolidated Laws)
N.Y. Tax Law § 1148
Deposit and disposition of revenue
§ 1148. Deposit and disposition of revenue.
# (a)
All taxes, interest and penalties collected or received by the commissioner under this article shall be deposited and disposed of pursuant to the provisions of section one hundred seventy-one-a of this chapter; provided however, the comptroller shall on or before the twelfth day of each month, pay all such taxes, interest and penalties collected under this article and remaining to the comptroller's credit in such banks, banking houses or trust companies at the close of business on the last day of the preceding month, into the general fund of the state treasury.
# (b)
Provided however, before the funds may be distributed pursuant to subdivision (a) of this section, such funds shall be distributed as otherwise provided in sections ninety-two-d, ninety-two-h, and ninety-two-r of the state finance law and sections eleven hundred two, eleven hundred four and eleven hundred nine of this article.
# (c)
Provided however, after funds are distributed pursuant to subdivision (b) of this section but before such funds are distributed pursuant to subdivision (a) of this section, funds shall be deposited by the comptroller into the New York central business district trust fund established pursuant to section ninety-nine-ff of the state finance law in accordance with the following schedule:
# (1)
in state fiscal year two thousand nineteen - two thousand twenty, one hundred twelve million five hundred thousand dollars;
# (2)
in state fiscal year two thousand twenty -two thousand twenty-one, one hundred fifty million dollars; and (3) in state fiscal year two thousand twenty-one - two thousand twenty-two and every succeeding state fiscal year, an amount equal to one hundred one percent of the amount deposited in the immediately preceding state fiscal year. The funds deposited into the New York central business district trust fund shall be deposited monthly in equal installments.
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In this article (40 sections)
- 1105 · Imposition of sales tax
- 1105-A · Reduced tax rate on certain energy sources and services
- 1105-B · Exemptions for certain parts, tools, supplies and services…
- 1106 · Transitional provisions
- 1107 · Temporary municipal assistance sales and compensating use taxes…
- 1108 · Temporary municipal assistance sales and compensating use taxes…
- 1109 · Sales and compensating use taxes for the metropolitan commuter…
- 1110 · Imposition of compensating use tax
- 1111 · Special rules for computing receipts and consideration
- 1112 · Taxes imposed on qualified Indian reservations
- 1115 · Exemptions from sales and use taxes
- 1116 · Exempt organizations
- 1117 · Certain sales of motor vehicles and vessels
- 1118 · Exemptions from use tax
- 1119 · Subject to the conditions and limitations provided for herein, a…
- 1120 · Refunds and credits with respect to motor fuel and diesel motor…
- 1121 · Refunds and credits with respect to cigarettes
- 1122 · Exemption from tax on amusement charges
- 1123 · Exemption from tax on the charge of a roof garden, cabaret or…
- 1131 · Definitions
- 1132 · Collection of tax from customer; proof required for registration…
- 1133 · Liability for the tax
- 1134 · Registration
- 1135 · Records to be kept
- 1136 · Returns
- 1137 · Payment of tax
- 1137-A · Returns of estimated tax and payments
- 1138 · Determination of tax
- 1139 · Refunds
- 1140 · Remedies exclusive
- 1141 · Proceedings to recover tax
- 1142 · General powers of the tax commission
- 1142-A · Special requirements relating to the service of providing…
- 1143 · Administration of oaths and compelling testimony
- 1144 · Reference to tax
- 1145 · Penalties and interest
- 1146 · Returns to be secret
- 1147 · Notices and limitations of time
- 1148 · Deposit and disposition of revenue
- 1150 · Special fee on paging devices