| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 28, 2010 |
print number 3503a |
| Jan 28, 2010 |
amend and recommit to investigations and government operations |
| Jan 06, 2010 |
referred to investigations and government operations |
| Mar 20, 2009 |
referred to investigations and government operations |
Senate Bill S3503
2009-2010 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
2009-S3503 - Details
- See Assembly Version of this Bill:
- A5385
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A6252
2013-2014: A4081
2009-S3503 - Sponsor Memo
BILL NUMBER: S3503
TITLE OF BILL :
An act to amend the tax law, in relation to providing a tax credit to
businesses for the purchase of emergency electrical generators
PURPOSE :
This bill would provide a tax credit to taxpayers engaged in the
business of selling perishable food items for the purchase of
emergency electrical generators to prevent the spoilage of food during
blackouts and other emergencies.
JUSTIFICATION :
In times of emergency we must be absolutely sure that there is a ready
supply of perishable and nonperishable food for the citizens and
residents throughout New York State to be able to continue to survive
and function. Certainly, a mainstay of that is our grocery stores,
bodegas, delis and other facilities that sell perishable food items.
As part of ensuring that food supply mechanism, this bill would allow
those taxpayers engaged in the business of selling perishable foods to
claim a tax credit for the purchase of electrical generators that are
used to prevent spoilage of food items. By doing this we will be
making sure that the food stores across New York State are able to
ensure that the perishable food items in their coolers remain unharmed
and the consumers of this state are able to have access to this food
2009-S3503 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3503
2009-2010 Regular Sessions
I N S E N A T E
March 20, 2009
___________
Introduced by Sen. VOLKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to providing a tax credit to
businesses for the purchase of emergency electrical generators
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 210 of the tax law is amended by adding a new
subdivision 41 to read as follows:
41. CREDIT FOR THE PURCHASE OF EMERGENCY ELECTRICAL GENERATORS. (A)
ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER ENGAGED IN THE BUSINESS OF
OFFERING FOR SALE PERISHABLE FOOD ITEMS SHALL BE ALLOWED A CREDIT, TO BE
COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY
THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO THE AMOUNT
EXPENDED IN THE PREVIOUS TAX YEAR FOR THE PURCHASE OF ONE OR MORE EMER-
GENCY ELECTRICAL GENERATORS IMPLEMENTED TO PREVENT SPOILAGE OF FOOD
ITEMS.
(B) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION
FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS
THAN THE HIGHER OF THE AMOUNTS PRESCRIBED IN PARAGRAPHS (C) AND (D) OF
SUBDIVISION ONE OF THIS SECTION. HOWEVER, IF THE AMOUNT OF CREDIT
ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO
SUCH AMOUNT, ANY AMOUNT OF CREDIT THUS NOT DEDUCTIBLE IN SUCH TAXABLE
YEAR SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR
REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION ONE THOUSAND
EIGHTY-SIX OF THIS CHAPTER. PROVIDED, HOWEVER, THE PROVISIONS OF
SUBSECTION (C) OF SECTION ONE THOUSAND EIGHTY-EIGHT OF THIS CHAPTER
NOTWITHSTANDING, NO INTEREST SHALL BE PAID THEREON.
S 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law, as amended by section 2 of part ZZ-1 of chapter 57 of
the laws of 2008, is amended to read as follows:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07224-01-9
2009-S3503A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5385
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A6252
2013-2014: A4081
2009-S3503A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3503A
TITLE OF BILL :
An act to amend the tax law, in relation to providing a tax credit to
businesses for the purchase of emergency electrical generators
PURPOSE :
This bill would provide a tax credit to taxpayers engaged in the
business of selling perishable food items for the purchase of
emergency electrical generators to prevent the spoilage of food during
blackouts and other emergencies.
JUSTIFICATION :
In times of emergency we must be absolutely sure that there is a ready
supply of perishable and nonperishable food for the citizens and
residents throughout New York State to be able to continue to survive
and function. Certainly, a mainstay of that is our grocery stores,
bodegas, delis and other facilities that sell perishable food items.
As part of ensuring that food supply mechanism, this bill would allow
those taxpayers engaged in the business of selling perishable foods to
claim a tax credit for the purchase of electrical generators that are
used to prevent spoilage of food items. By doing this we will be
making sure that the food stores across New York State are able to
ensure that the perishable food items in their coolers remain unharmed
2009-S3503A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3503--A
2009-2010 Regular Sessions
I N S E N A T E
March 20, 2009
___________
Introduced by Sen. VOLKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- recommitted to the Committee on Investigations and
Government Operations in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the tax law, in relation to providing a tax credit to
businesses for the purchase of emergency electrical generators
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 210 of the tax law is amended by adding a new
subdivision 41 to read as follows:
41. CREDIT FOR THE PURCHASE OF EMERGENCY ELECTRICAL GENERATORS. (A)
ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER ENGAGED IN THE BUSINESS OF
OFFERING FOR SALE PERISHABLE FOOD ITEMS SHALL BE ALLOWED A CREDIT, TO BE
COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY
THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO THE AMOUNT
EXPENDED IN THE PREVIOUS TAX YEAR FOR THE PURCHASE OF ONE OR MORE EMER-
GENCY ELECTRICAL GENERATORS IMPLEMENTED TO PREVENT SPOILAGE OF FOOD
ITEMS.
(B) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION
FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS
THAN THE HIGHER OF THE AMOUNTS PRESCRIBED IN PARAGRAPHS (C) AND (D) OF
SUBDIVISION ONE OF THIS SECTION. HOWEVER, IF THE AMOUNT OF CREDIT
ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO
SUCH AMOUNT, ANY AMOUNT OF CREDIT THUS NOT DEDUCTIBLE IN SUCH TAXABLE
YEAR SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR
REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION ONE THOUSAND
EIGHTY-SIX OF THIS CHAPTER. PROVIDED, HOWEVER, THE PROVISIONS OF
SUBSECTION (C) OF SECTION ONE THOUSAND EIGHTY-EIGHT OF THIS CHAPTER
NOTWITHSTANDING, NO INTEREST SHALL BE PAID THEREON.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07224-02-0
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