New York § 305 Exempt entities

New York Statutes

§ 305 — Exempt entities

New York § 305

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Art. 13-ATax On Petroleum Businesses

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Bluebook

N.Y. Tax § 305 (2026).

Text

  § 305.  Exempt entities.--No corporation or unincorporated business\nshall be a petroleum business subject to tax under this article because\nit imported or caused motor fuel, diesel motor fuel or residual\npetroleum product to be imported into this state or produced, refined,\nmanufactured or compounded such products in this state where such motor\nfuel, diesel motor fuel or residual petroleum product is exclusively for\nthe use and consumption of such corporation or unincorporated business\nand such corporation or incorporated business is an organization\ndescribed in subdivision (a) of section eleven hundred sixteen of this\nchapter.\n

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§ 305. Exempt entities.--No corporation or unincorporated business\nshall be a petroleum business subject to tax under this article because\nit imported or caused motor fuel, diesel motor fuel or residual\npetroleum product to be imported into this state or produced, refined,\nmanufactured or compounded such products in this state where such motor\nfuel, diesel motor fuel or residual petroleum product is exclusively for\nthe use and consumption of such corporation or unincorporated business\nand such corporation or incorporated business is an organization\ndescribed in subdivision (a) of section eleven hundred sixteen of this\nchapter.\n