Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 18, 2017 |
approval memo.52 signed chap.485 |
Dec 06, 2017 |
delivered to governor |
Jun 15, 2017 |
returned to senate passed assembly ordered to third reading rules cal.330 substituted for a4650 referred to ways and means delivered to assembly passed senate |
Jun 14, 2017 |
ordered to third reading cal.1622 committee discharged and committed to rules |
Jan 18, 2017 |
referred to investigations and government operations |
Senate Bill S2899
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Votes
2017-S2899 (ACTIVE) - Details
2017-S2899 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2899 TITLE OF BILL : An act to amend the tax law, in relation to property tax credits for farmers PURPOSE : This bill would make a technical amendment to the tax code to allow for tenant farmers who rent land from a trust to claim the Farmer's School Tax Credit. SUMMARY OF PROVISIONS : Section one amends section 606 (n) (3) of the Tax Law, to allow tenant farmers who are renting land from a trust, to claim the Farmer's School Tax Credit. Section 2 sets forth an immediate effective date. JUSTIFICATION : Under current law family members who operate farms held in trust may not qualify for the Farmer's School Tax Credit (FSTC), despite the fact that the law provides for tenant farmers to qualify for the credit in other cases. There are over 400 farms in New York State classified as "cooperative, estate or trust, institutional" and a
2017-S2899 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2899 2017-2018 Regular Sessions I N S E N A T E January 18, 2017 ___________ Introduced by Sen. RITCHIE -- 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 property tax credits for farmers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subsection (n) of section 606 of the tax law, as amended by chapter 728 of the laws of 2005, is amended to read as follows: (3) School district property taxes. For purposes of this subsection, the term "school district property taxes" means all property taxes, special ad valorem levies and special assessments, exclusive of penal- ties and interest, levied for school district purposes on the qualified agricultural property (A) owned by the taxpayer [or], (B) owned by the father, mother, grandfather, grandmother, brother or sister of the taxpayer and a written agreement expressing intent to eventually purchase the land has been entered into, OR (C) OWNED BY TRUST TO WHICH THE TAXPAYER IS A BENEFICIARY. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08277-01-7
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