senate Bill S2927

2011-2012 Legislative Session

Provides for pollution tax credits for the purchase of certain machinery or equipment for the reduction of pollution made by dry cleaning businesses

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to investigations and government operations
Feb 03, 2011 referred to investigations and government operations

Co-Sponsors

S2927 - Details

See Assembly Version of this Bill:
A4620
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd ยงยง1115, 606 & 210, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S4420, A6102

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

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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