Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to ways and means |
Jun 11, 2009 |
referred to ways and means |
Assembly Bill A8835
2009-2010 Legislative Session
Sponsored By
LENTOL
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Michael Benjamin
Marc Alessi
2009-A8835 (ACTIVE) - Details
2009-A8835 (ACTIVE) - Sponsor Memo
BILL NUMBER:A8835 TITLE OF BILL: An act to amend the tax law, in relation to extending the biofuel credit and to amend the general municipal law, in relation to requiring all municipalities to use biofuels for any purpose which requires the use of fuel PURPOSE OR GENERAL IDEA OF BILL: Extends the biofuel credit and requires municipalities to use biofuels for any purpose which requires the use of fuels. SUMMARY OF SPECIFIC PROVISIONS: * Subdivision (a) of section 28 of the Tax Law is amended. * The General Municipal Law is amended by adding a new section 99-v JUSTIFICATION: Renewable fuels, or "biofuels", are liquid transportation fuels made from agricultural crops such as soybeans. The use of Biofuels can make a big difference in improving our environment, helping our economy, and reducing our dependence on foreign oil. Biofuels have been proven to be a worthy alternative. Not only is it essential that we consider alter- native, renewable fuel sources to help reduce our dependence on foreign oil sources, it is also our responsibility, both economically and envi- ronmentally, to use these alternative fuel sources.
2009-A8835 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8835 2009-2010 Regular Sessions I N A S S E M B L Y June 11, 2009 ___________ Introduced by M. of A. LENTOL -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to extending the biofuel credit and to amend the general municipal law, in relation to requiring all municipalities to use biofuels for any purpose which requires the use of fuel THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (a) of section 28 of the tax law, as added by section 1 of part X of chapter 62 of the laws of 2006, is amended to read as follows: (a) General. A taxpayer subject to tax under article nine, nine-A or twenty-two of this chapter shall be allowed a credit against such tax pursuant to the provisions referenced in subdivision (d) of this section. The credit (or pro rata share of earned credit in the case of a partnership) for each gallon of biofuel produced at a biofuel plant on or after January first, two thousand six shall equal fifteen cents per gallon after the production of the first forty thousand gallons per year presented to market. The credit under this section shall be capped at two and one-half million dollars per taxpayer per taxable year for up to no more than [four] NINE consecutive taxable years per biofuel plant. S 2. The general municipal law is amended by adding a new section 99-v to read as follows: S 99-V. USE OF BIOFUELS. ALL COUNTIES, CITIES, TOWNS AND VILLAGES SHALL BE REQUIRED TO USE BIOFUELS FOR ANY PURPOSE WHICH REQUIRES THE USE OF FUEL. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14233-01-9
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