|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to investigations and government operations|
|Feb 03, 2011||referred to investigations and government operations|
senate Bill S2927
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2927 - Details
S2927 - Summary
Provides for pollution tax credits for the purchase of certain machinery or equipment for the reduction of pollution made by dry cleaning businesses.
S2927 - Sponsor Memo
BILL NUMBER:S2927 TITLE OF BILL: An act to amend the tax law, in relation to pollution tax credits for the purchase of certain equipment made by dry cleaning businesses PURPOSE: To reduce costs for small dry cleaning businesses faced with disproportionately expensive environmental compliance costs by giving these businesses a sales tax exemption for the purchase of pollution prevention or control equipment. SUMMARY OF PROVISIONS: Amends various sections of the tax law to provide a sales tax exemption to dry cleaners for the purchase of equipment or machinery certified by the Department of Environmental Conservation that is used primarily to control, prevent or abate pollution or contaminants from their operations. JUSTIFICATION: A State sales tax exemption for the purchase of pollution prevention or control equipment for dry cleaners is appropriate because the public directly benefits for an avoidance of damages to human health by reduced or avoided pollution.
S2927 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2927 2011-2012 Regular Sessions I N S E N A T E February 3, 2011 ___________ Introduced by Sens. JOHNSON, BONACIC, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations AN ACT to amend the tax law, in relation to pollution tax credits for the purchase of certain equipment made by dry cleaning businesses THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (a) of section 1115 of the tax law is amended by adding a new paragraph 44 to read as follows: (44) EQUIPMENT OR MACHINERY CERTIFIED BY THE DEPARTMENT OF ENVIRON- MENTAL CONSERVATION, PURSUANT TO REGULATIONS PROMULGATED BY SUCH DEPART- MENT, FOR POLLUTION PREVENTION OR CONTROL WHICH, FOR PURPOSES OF THIS PARAGRAPH, SHALL MEAN ANY PROCESS, FACILITY, DEVICE, FIXTURE, EQUIPMENT OR MACHINERY USED PRIMARILY FOR THE CONTROL, PREVENTION OR ABATEMENT OF POLLUTION OR CONTAMINANTS FROM THE OPERATION OF A DRY CLEANING PLANT, INCLUDING ANY STRUCTURE, MACHINERY OR EQUIPMENT INSTALLED IN THE RECON- STRUCTION OR REPLACEMENT OF SUCH PROCESS, FACILITY, DEVICE, FIXTURE, EQUIPMENT OR MACHINERY. S 2. Subparagraph (A) of paragraph 2 of subsection (a) of section 606 of the tax law, as amended by chapter 637 of the laws of 2008, is amended to read as follows: (A) A credit shall be allowed under this subsection with respect to tangible personal property and other tangible property, including build- ings and structural components of buildings, which are: depreciable pursuant to section one hundred sixty-seven of the internal revenue code, have a useful life of four years or more, are acquired by purchase as defined in section one hundred seventy-nine (d) of the internal revenue code, have a situs in this state and are (i) principally used by the taxpayer in the production of goods by manufacturing, processing, assembling, refining, mining, extracting, farming, agriculture, horti- culture, floriculture, viticulture or commercial fishing, (ii) indus- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07213-01-1
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