senate Bill S602

2015-2016 Legislative Session

Establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


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

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Actions

view actions (18)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 24, 2016 referred to ways and means
delivered to assembly
passed senate
May 23, 2016 advanced to third reading
May 18, 2016 2nd report cal.
May 17, 2016 1st report cal.905
May 04, 2016 reported and committed to finance
Jan 06, 2016 referred to investigations and government operations
returned to senate
died in assembly
Jun 09, 2015 referred to ways and means
delivered to assembly
passed senate
Jun 01, 2015 advanced to third reading
May 28, 2015 2nd report cal.
May 27, 2015 1st report cal.889
May 05, 2015 reported and committed to finance
Jan 07, 2015 referred to investigations and government operations

Votes

view votes

May 17, 2016 - Finance committee Vote

S602
32
0
committee
32
Aye
0
Nay
0
Aye with Reservations
0
Absent
5
Excused
0
Abstained
show Finance committee vote details

May 4, 2016 - Investigations and Government Operations committee Vote

S602
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
2
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 4, 2016

excused (2)

May 27, 2015 - Finance committee Vote

S602
34
0
committee
34
Aye
0
Nay
0
Aye with Reservations
0
Absent
2
Excused
0
Abstained
show Finance committee vote details

May 5, 2015 - Investigations and Government Operations committee Vote

S602
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 5, 2015

Co-Sponsors

S602 (ACTIVE) - Details

See Assembly Version of this Bill:
A8178
Law Section:
Tax Law
Laws Affected:
Amd ยงยง606 & 210-B, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: S326, A563
2011-2012: S346, A152
2013-2014: S1005, A4512
2017-2018: S138, A1874
2019-2020: S1939, A2296

S602 (ACTIVE) - Summary

Establishes a forestry stewardship and habitat conservation credit for personal income and business franchise taxes.

S602 (ACTIVE) - Sponsor Memo

S602 (ACTIVE) - Bill Text download pdf

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

                                   602

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  Sen.  LITTLE -- 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  establishing  a  forestry
  stewardship  and  habitat  conservation credit for personal income and
  business franchise taxes

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

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (ccc) to read as follows:
  (CCC) FORESTRY STEWARDSHIP AND HABITAT CONSERVATION CREDIT. (1) IN THE
CASE OF A TAXPAYER WHO OWNS LAND THAT IS SUBJECT  TO AN  AGREEMENT  WITH
THE  DEPARTMENT  OF  ENVIRONMENTAL  CONSERVATION,  BY WHICH SUCH LAND IS
COMMITTED TO FORESTRY STEWARDSHIP, OR  HABITAT  CONSERVATION,  OR  BOTH,
THERE  SHALL  BE  ALLOWED  A  CREDIT FOR TWENTY-FIVE PERCENT OF THE REAL
PROPERTY TAXES PAID ON SUCH LAND. IN NO EVENT SHALL THE  CREDIT  ALLOWED
UNDER THIS SUBSECTION IN COMBINATION WITH ANY OTHER CREDIT FOR SUCH REAL
PROPERTY  TAXES UNDER THIS SECTION EXCEED THE TOTAL AMOUNT OF SUCH TAXES
PAID DURING THE TAXABLE YEAR.
  (2) FOR THE PURPOSES OF THIS SUBSECTION:
  (A)  "ELIGIBLE  TRACT"  SHALL  MEAN  A  TRACT  OF  LAND  OF  AT  LEAST
TWENTY-FIVE  CONTIGUOUS  ACRES THAT HAS BEEN INSPECTED BY THE DEPARTMENT
OF ENVIRONMENTAL CONSERVATION, A WILDLIFE  BIOLOGIST  CERTIFIED  BY  THE
WILDLIFE  SOCIETY,  OR  A  FISHERIES BIOLOGIST CERTIFIED BY THE AMERICAN
FISHERIES SOCIETY, AND BASED ON SUCH INSPECTION  IS  DETERMINED  BY  THE
DEPARTMENT  OF  ENVIRONMENTAL  CONSERVATION  TO BE: VALUABLE HABITAT FOR
WILDLIFE, FISH, SHELLFISH OR CRUSTACEA; OR SAFE AND SUITABLE FOR FISH OR
WILDLIFE-RELATED RECREATION, INCLUDING FISHING,  HUNTING,  TRAPPING  AND
WILDLIFE  OBSERVATION;  OR  BOTH.  LAND  DIVIDED ONLY BY FEDERAL, STATE,
COUNTY OR TOWN ROADS, EASEMENTS OR RIGHTS-OF-WAY, OR ENERGY TRANSMISSION

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

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