Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Nov 28, 2016 | tabled vetoed memo.260 |
Nov 16, 2016 | delivered to governor |
Jun 16, 2016 | returned to assembly passed senate 3rd reading cal.1945 substituted for s7833 |
Jun 16, 2016 | substituted by a10584 ordered to third reading cal.1945 committee discharged and committed to rules |
May 13, 2016 | referred to investigations and government operations |
senate Bill S7833
Vetoed By GovernorSponsored By
Rich Funke
(R, C, IP) 0 Senate District
Archive: Last Bill Status Via A10584 - Vetoed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Vetoed by Governor
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Actions
Votes
Co-Sponsors
Fred Akshar
(R, C, IP, RFM) 0 Senate District
Thomas F. O'Mara
(R, C) 58th Senate District
Sue Serino
(R, C, IP) 0 Senate District
S7833 (ACTIVE) - Details
S7833 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7833 TITLE OF BILL : An act to amend the tax law, in relation to a credit for donations to a food bank or other emergency food program by New York state farmers PURPOSE OR GENERAL IDEA OF BILL : To create a credit for donation to a food bank or other emergency food program by New York state farmers of twenty five percent of wholesale cost of donations, up to five thousand dollars per year. SPECIFIC PROVISIONS : Section one amends the tax law to add subsection (n-1) to section 606 creating a credit for farm donations to food bank or emergency food program. Allowing an eligible farmer, who must be a New York State resident taxpayer, a credit of twenty-five percent of the wholesale cost of the taxpayer's qualified donations, up to five thousand dollars per year. Section two amends the tax law by adding a new clause to subparagraph (B) of paragraph 1 of subsection (i) to add farm donations to food bank or emergency food program credit under subsection (n-1)
S7833 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7833 I N S E N A T E May 13, 2016 ___________ Introduced by Sen. FUNKE -- 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 a credit for donations to a food bank or other emergency food program by New York state farmers 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 (n-2) to read as follows: (N-2) CREDIT FOR FARM DONATIONS TO FOOD BANK OR EMERGENCY FOOD PROGRAM. (1) GENERAL. IN THE CASE OF A TAXPAYER WHO IS AN ELIGIBLE FARM- ER, THERE SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR TAXABLE YEARS ON AND AFTER JANUARY FIRST, TWO THOUSAND SEVENTEEN. THE AMOUNT OF THE CRED- IT SHALL BE TWENTY-FIVE PERCENT OF THE WHOLESALE COST OF THE TAXPAYER'S QUALIFIED DONATIONS, AS DEFINED IN PARAGRAPH THREE OF THIS SUBSECTION, MADE TO ANY FOOD BANK OR OTHER PUBLIC, CHARITABLE OR NOT-FOR-PROFIT EMERGENCY FOOD PROGRAM OPERATING WITHIN THIS STATE, UP TO FIVE THOUSAND DOLLARS PER YEAR. (2) ELIGIBLE FARMER. FOR PURPOSES OF THIS SUBSECTION, THE TERM "ELIGI- BLE FARMER" MEANS A NEW YORK STATE RESIDENT TAXPAYER WHOSE FEDERAL GROSS INCOME FROM FARMING FOR THE TAXABLE YEAR IS AT LEAST TWO-THIRDS OF EXCESS FEDERAL GROSS INCOME. EXCESS FEDERAL GROSS INCOME MEANS THE AMOUNT OF FEDERAL GROSS INCOME FROM ALL SOURCES FOR THE TAXABLE YEAR REDUCED BY THE SUM (NOT TO EXCEED THIRTY THOUSAND DOLLARS) OF THOSE ITEMS INCLUDED IN FEDERAL GROSS INCOME WHICH CONSIST OF (I) EARNED INCOME, (II) PENSION PAYMENTS, INCLUDING SOCIAL SECURITY PAYMENTS, (III) INTEREST, AND (IV) DIVIDENDS. FOR PURPOSES OF THIS PARAGRAPH, THE TERM "EARNED INCOME" SHALL MEAN WAGES, SALARIES, TIPS AND OTHER EMPLOYEE COMPENSATION, AND THOSE ITEMS OF GROSS INCOME WHICH ARE INCLUDIBLE IN THE COMPUTATION OF NET EARNINGS FROM SELF-EMPLOYMENT. FOR THE PURPOSES OF THIS PARAGRAPH, PAYMENTS FROM THE STATE'S FARMLAND PROTECTION PROGRAM, ADMINISTERED BY THE DEPARTMENT OF AGRICULTURE AND MARKETS, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15365-02-6
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