Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 14, 2016 |
held for consideration in ways and means |
Jan 06, 2016 |
referred to ways and means |
Jan 20, 2015 |
referred to ways and means |
Assembly Bill A2584
2015-2016 Legislative Session
Sponsored By
KATZ
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
Andrew Raia
David DiPietro
multi-Sponsors
Kenneth Blankenbush
Clifford Crouch
Gary Finch
Stephen Hawley
2015-A2584 (ACTIVE) - Details
2015-A2584 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2584 2015-2016 Regular Sessions I N A S S E M B L Y January 20, 2015 ___________ Introduced by M. of A. KATZ -- Multi-Sponsored by -- M. of A. BLANKEN- BUSH, CROUCH, FINCH, HAWLEY, JOHNS, LUPINACCI, McLAUGHLIN -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to creating a sales tax exemption for green technology companies purchasing manufacturing equipment; and providing for the repeal of such provisions upon expi- ration thereof 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 1124 to read as follows: S 1124. EXEMPTION FROM TAX ON MANUFACTURING EQUIPMENT PURCHASES FOR GREEN TECHNOLOGY COMPANIES. (A) QUALIFYING GREEN TECHNOLOGY COMPANIES SHALL BE EXEMPT FROM THE SALES TAXES IMPOSED UNDER THIS ARTICLE WHEN PURCHASING NECESSARY MANUFACTURING EQUIPMENT TO BE USED IN CARRYING ON A GREEN TECHNOLOGY TRADE OR BUSINESS IN ACCORDANCE WITH THE PROVISIONS OF THIS SECTION. (B) TO QUALIFY FOR TAX EXEMPT STATUS ELIGIBLE COMPANIES SHALL APPLY TO THE COMMISSIONER WHO SHALL EVALUATE THE APPLICATION PURSUANT TO THE GUIDELINES IN THIS SECTION AND RENDER A DECISION APPROVING OR DENYING THE APPLICATION. APPLICATIONS SHALL BE SUBMITTED FOR EACH ELIGIBLE PROJECT ON AN INDIVIDUAL BASIS AND SHALL STATE THE TOTAL DOLLAR AMOUNT THAT WILL BE EXPENDED ON THE PURCHASE. (C) THE COMMISSIONER SHALL PUBLISH NOTICE OF THE AVAILABILITY OF PROJECT APPLICATIONS AND DEADLINES FOR SUBMISSION OF PROJECT APPLICA- TIONS TO THE COMMISSIONER AND SHALL EVALUATE PROJECT APPLICATIONS BASED UPON THE FOLLOWING CRITERIA: 1. THE EXTENT TO WHICH THE PROJECT DEVELOPS MANUFACTURING FACILITIES, OR PURCHASES EQUIPMENT FOR MANUFACTURING FACILITIES, LOCATED IN NEW YORK. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04450-01-5
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