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Bill

A 2281

Relates to exempting cranes from the petroleum business tax

2025 Regular Session Introduced by Ken Blankenbush and 6 co-sponsors

Exempts cranes from the Petroleum Business Tax, lowering costs for crane operators and rental firms in NY and potentially reducing state tax revenue.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 2281

Summary of New York Assembly Bill A 2281

Overview

  • Bill Number: A 2281
  • Title: Relates to exempting cranes from the petroleum business tax
  • Purpose: To exempt cranes from the Petroleum Business Tax (PBT), thereby reducing the tax burden on crane-related operations.
  • Status: Referred to the Ways and Means Committee
  • Introduced: January 16, 2025
  • Primary Sponsor: Stephen Hawley
  • Cosponsors: Brian Manktelow, Chris Tague, Joe DeStefano, Jodi Giglio, Keith Brown, Kenneth Blankenbush

What the bill would do

  • The core provision would exempt cranes from the Petroleum Business Tax. The bill would modify the applicable tax code to remove PBT liability or applicability for cranes.
  • The specific mechanics (how the exemption applies—whether to purchases, uses, or revenues associated with cranes; definitions of “crane” for the exemption; any eligibility criteria; and any transitional rules) would be set forth in the text of the bill.
  • The exemption is targeted; it applies specifically to cranes and does not automatically extend to other equipment or petroleum-based activities unless expressly stated.

Who would be affected

  • Crane owners and operators (including construction firms and crane rental companies) that use petroleum products in crane operations.
  • Petroleum product suppliers and distributors who sell fuels used in crane operations.
  • Related contractors and service providers that rely on crane equipment for construction activities.

Fiscal and process implications

  • Financial impact: The exemption would reduce or eliminate PBT liability for cranes, resulting in a potential revenue impact to the state. A fiscal analysis would typically be prepared by Ways and Means to quantify the anticipated revenue loss and any broader economic effects.
  • Legislative status: The bill has been introduced and referred to the Ways and Means Committee, indicating it will be assessed for its fiscal impact and policy considerations before moving forward.
  • Related legislative activity: A 2281 has a companion bill in the Senate (S 1628) and several related Assembly bills from prior sessions (A 8008, A 1740, A 2171, A 5739, A 1983) that have pursued similar topics. S 1628 is explicitly listed as the companion.

Key provisions to watch (as text becomes available)

  • Exact definition of “crane” for purposes of the exemption.
  • Scope of the exemption (whether it covers all petroleum products used in cranes or only specific uses).
  • Effective date and any phase-in or sunset provisions.
  • Any reporting, registration, or compliance requirements linked to the exemption.
  • Interaction with other tax provisions or exemptions.

Why this matters

  • If enacted, the bill would lower operating costs for crane-dependent projects, potentially increasing construction activity or efficiency in New York. It also signals ongoing consideration of targeted tax relief for heavy equipment in the construction sector.

Compiled from official sources — confirm details with the bill’s official record.

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