Electing a cents per gallon rate of sales and compensating use taxes imposed by section 1107 of the New York Tax Law on motor fuel and diesel motor fuel.

A Local Law electing a cents per gallon rate of sales and compensating use taxes imposed by section 1107 of the New York Tax Law on motor fuel and diesel motor fuel, in lieu of the percentage rate of such taxes, pursuant to the authority of Article 29 of such Tax Law.