| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 06, 2010 |
referred to investigations and government operations |
| Mar 06, 2009 |
referred to investigations and government operations |
Senate Bill S2919
2009-2010 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
2009-S2919 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A2806
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยงยง210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3906, A1209
2013-2014: S3475, A4574
2015-2016: A5422
2017-2018: A4570
2019-2020: A3473
2009-S2919 (ACTIVE) - Summary
Provides a credit against personal income tax and corporate franchise tax for wine bottling, packaging and labelling expenses of wineries licensed pursuant to certain provisions of the alcoholic beverage control law; allows any amount of credit not deducted in a tax year to be carried over to the following tax year or years.
2009-S2919 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2919
TITLE OF BILL :
An act to amend the tax law, in relation to providing for a credit
against the personal income tax and the franchise tax on corporations
for certain bottling, packaging and labelling expenses of wineries
PURPOSE OR GENERAL IDEA OF BILL :
To alleviate the financial burden Upon the wine industry by New York
State subsidizing part of the cost of wine making.
SUMMARY OF SPECIFIC PROVISIONS :
Section 210 of the tax law is amended by adding subdivision 18 (a).
Tax Law Section 606 is amended by adding a new subsection (n).
JUSTIFICATION :
The major wine producing countries, Spain, France, Portugal, Italy,
and Germany all provide the cases, the labels, the corks and bottles
as a subsidy to their wine industry. For that reason, those nations
can ship to this country wines which are able to sell at an average of
between $2.60 and $3.00 a bottle less than New York State wines. A New
York State tax credit would enable New York State vintners to compete
nationally and internationally in this competitive but controlled
marketplace. Experts predict subsidies compatible to the European
subsidies would enable the wine industry in New York State to grow so
2009-S2919 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2919
2009-2010 Regular Sessions
I N S E N A T E
March 6, 2009
___________
Introduced by Sen. LAVALLE -- 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 for a credit
against the personal income tax and the franchise tax on corporations
for certain bottling, packaging and labelling expenses of wineries
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 18-a to read as follows:
18-A. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED
BY THIS ARTICLE EQUAL TO THE AMOUNT ACTUALLY EXPENDED ON AND AFTER JANU-
ARY FIRST, TWO THOUSAND TEN FOR CASES, BOTTLES, CARAFES OR OTHER
CONTAINERS IN WHICH WINE PRODUCED FOR RESALE IS PACKAGED AND FOR CORKS
AND LABELS USED IN AND ON SUCH CONTAINERS; PROVIDED SUCH TAXPAYER IS
LICENSED AS A WINERY PURSUANT TO THE PROVISIONS OF SECTION SEVENTY-SIX
OF THE ALCOHOLIC BEVERAGE CONTROL LAW.
(B) IN NO EVENT SHALL THE CREDIT HEREIN PROVIDED FOR BE ALLOWED IN AN
AMOUNT WHICH WILL REDUCE THE TAX PAYABLE TO LESS THAN THE MINIMUM FIXED
BY PARAGRAPH (D) OF SUBDIVISION ONE OF THIS SECTION. IF, HOWEVER, THE
AMOUNT OF CREDIT ALLOWABLE UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR
REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT NOT DEDUCTIBLE IN
SUCH TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS AND
MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
S 2. Section 606 of the tax law is amended by adding a new subsection
(qq) to read as follows:
(QQ) (1) A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED
BY THIS ARTICLE EQUAL TO THE AMOUNT ACTUALLY EXPENDED ON AND AFTER JANU-
ARY FIRST, TWO THOUSAND TEN FOR CASES, BOTTLES, CARAFES OR OTHER
CONTAINERS IN WHICH WINE PRODUCED FOR RESALE IS PACKAGED AND FOR CORKS
AND LABELS USED IN AND ON SUCH CONTAINERS; PROVIDED SUCH TAXPAYER IS
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03682-01-9
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