Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to ways and means |
Jan 20, 2017 |
referred to ways and means |
Assembly Bill A2648
2017-2018 Legislative Session
Sponsored By
ORTIZ
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
Billy Jones
multi-Sponsors
William Colton
Donna Lupardo
2017-A2648 (ACTIVE) - Details
2017-A2648 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2648 2017-2018 Regular Sessions I N A S S E M B L Y January 20, 2017 ___________ Introduced by M. of A. ORTIZ -- Multi-Sponsored by -- M. of A. COLTON, LUPARDO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing business fran- chise and personal income tax credits for businesses that donate prepared food THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210-B of the tax law is amended by adding a new subdivision 52 to read as follows: 52. PREPARED FOOD DONATION CREDIT. (A) A QUALIFYING TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO TWEN- TY-FIVE PERCENT OF THE TAXPAYER'S ELIGIBLE CHARITABLE FOOD DONATION. (B) FOR PURPOSES OF THIS SUBDIVISION, THE FOLLOWING TERMS HAVE THE MEANINGS GIVEN: (1) "ELIGIBLE CHARITABLE FOOD DONATION" MEANS A CONTRIBUTION OF PREPARED FOOD ALLOWABLE AS A CHARITABLE DEDUCTION FOR THE TAXABLE YEAR UNDER SECTION 170(A) OF THE INTERNAL REVENUE CODE, SUBJECT TO THE LIMI- TATIONS OF SECTION 170(B) OF THE INTERNAL REVENUE CODE, AND DETERMINED WITHOUT REGARD TO WHETHER OR NOT THE TAXPAYER ITEMIZES DEDUCTIONS; (2) "PREPARED FOOD" MEANS FOOD THAT MEETS ALL QUALITY AND LABELING STANDARDS IMPOSED BY FEDERAL, STATE, AND LOCAL LAWS AND REGULATIONS EVEN THOUGH THE FOOD MAY NOT BE READILY MARKETABLE DUE TO APPEARANCE, AGE, FRESHNESS, GRADE, SIZE, SURPLUS, OR OTHER CONDITIONS, AND INCLUDES: (I) FOOD WHICH IS COOKED OR HEATED BY THE QUALIFYING TAXPAYER; (II) TWO OR MORE INGREDIENTS MIXED TOGETHER TO BE EATEN AS A SINGLE ITEM; OR (III) ANY INGREDIENTS SUPPLIED FOR INGESTION OR CHEWING BY HUMANS THAT ARE CONSUMED FOR THEIR TASTE OR NUTRITIONAL VALUE; (3) "QUALIFYING TAXPAYER" MEANS ANY RESTAURANT MAKING A CHARITABLE FOOD DONATION IN NEW YORK; AND (4) "RESTAURANT" MEANS ANY FACILITY: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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