In December of 2021, New York State adopted the Advanced Clean Trucks Rule (ACT). The ACT requires commercial vehicle manufacturers to sell an increasing number of zero-emission vehicles (ZEVs) in New York with a goal for 100 percent of medium- and heavy-duty vehicles offered for sale or lease, or sold, or leased, for registration in […]
Financial Framework for Penn Station
New York Governor Kathy Hochul and New York City Mayor Eric Adams announced an agreement on a financial framework between New York State and New York City that will help fund the reconstruction and potential expansion of Penn Station and the expected revitalization of the surrounding area. The framework ensures that the City maintains a […]
New York and New Jersey Agree to Gateway Program Funding
Governor Kathy Hochul of New York and Governor Phil Murphy of New Jersey signed the Phase One Memorandum of Understanding (MOU) required by the Gateway Development Commission Act along with Port Authority of New York and New Jersey Executive Director Rick Cotton. The MOU outlines sources, uses, and timing of funding on behalf of New […]
New York Announces 22 Large Scale Energy Projects
New York Governor Kathy Hochul announced 22 large-scale solar and energy storage projects that should deliver enough clean, affordable energy to power over 620,000 New York homes for at least 20 years. These projects seek to spur over $2.7 billion in private investment and create over 3,000 short- and long-term jobs across the state. The […]
New York Fuel Tax Holiday Effective June 1, 2022
Beginning on June 1, 2022 and continuing through December 1, 2022, the excise tax, prepaid sales tax, and state sales and use taxes on motor fuel and highway diesel fuel will be suspended in New York. The NYS Department of Taxation and Finance issued a notice providing guidance on how this will impact distributors, wholesalers and retail […]