senate Bill S7728

Signed By Governor
2011-2012 Legislative Session

Establishes a beer production tax credit for beer produced within the state by a taxpayer that is registered as a distributor; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 18, 2012 signed chap.109
Jul 17, 2012 delivered to governor
Jun 19, 2012 returned to senate
passed assembly
ordered to third reading rules cal.375
substituted for a10695
Jun 18, 2012 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1300
Jun 15, 2012 referred to rules

Co-Sponsors

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S7728 - Details

See Assembly Version of this Bill:
A10695
Law Section:
Tax Law
Laws Affected:
Add §37, amd §§210 & 606, rpld §424 sub 6, Tax L; amd §107-a, ABC L

S7728 - Summary

Establishes a beer production tax credit for beer produced within the state by a taxpayer that is registered as a distributor.

S7728 - Sponsor Memo

S7728 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 7728                                                 A. 10695

                      S E N A T E - A S S E M B L Y

                              June 15, 2012
                               ___________

IN  SENATE -- Introduced by Sens. ZELDIN, GRIFFO, SEWARD, YOUNG, ROBACH,
  NOZZOLIO -- (at request of the Governor) --  read  twice  and  ordered
  printed, and when printed to be committed to the Committee on Rules

IN  ASSEMBLY -- Introduced by COMMITTEE ON RULES -- (at request of M. of
  A. Brindisi, Lentol, Barrett, Bronson, Cymbrowitz, Gabryszak,  Lifton,
  Lupardo, Magee, Millman, Morelle, Roberts, Russell, Schimminger, Skar-
  tados,  Zebrowski)  --  (at  request of the Governor) -- read once and
  referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to establishing a credit  under
  articles  9-A and 22 of such law for beer produced within the state by
  a taxpayer that is registered as a distributor under article 18 of the
  tax law; to amend the alcoholic beverage control law, in  relation  to
  the  exemption  from  the  beer  label registration fee; and to repeal
  subdivision 6 of section 424 of the tax law, relating to the exemption
  for beer produced and sold within the state  by  certain  distributors
  under article 18 of the tax law

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a new section 37  to  read
as follows:
  S  37.  BEER PRODUCTION CREDIT. (A) GENERAL. A TAXPAYER SUBJECT TO TAX
UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAPTER, THAT  IS  REGISTERED
AS  A  DISTRIBUTOR  UNDER  ARTICLE  EIGHTEEN  OF  THIS CHAPTER, AND THAT
PRODUCES SIXTY MILLION OR FEWER GALLONS OF BEER IN  THIS  STATE  IN  THE
TAXABLE YEAR, SHALL BE ALLOWED A CREDIT AGAINST SUCH TAXES IN THE AMOUNT
SPECIFIED  IN  SUBDIVISION  (B)  OF  THIS  SECTION  AND  PURSUANT TO THE
PROVISIONS REFERENCED IN SUBDIVISION  (C)  OF  THIS  SECTION.  PROVIDED,
HOWEVER, THAT NO CREDIT SHALL BE ALLOWED FOR ANY BEER PRODUCED IN EXCESS
OF FIFTEEN MILLION FIVE HUNDRED THOUSAND GALLONS IN THE TAXABLE YEAR. IF
THE  TAXPAYER IS A PARTNER IN A PARTNERSHIP OR SHAREHOLDER OF A NEW YORK
S CORPORATION, THEN THE CAP IMPOSED BY THE PRECEDING SENTENCE  SHALL  BE
APPLIED AT THE ENTITY LEVEL, SO THAT THE AGGREGATE CREDIT ALLOWED TO ALL

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD12160-01-2

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