Senate Bill S682

2017-2018 Legislative Session

Provides a tax credit to taxpayers who grow the base ingredients necessary for the production of beer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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

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2017-S682 (ACTIVE) - Details

See Assembly Version of this Bill:
A4474
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §37-a, amd §§210-B & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S6294, A9425
2019-2020: S3190, A5531
2021-2022: A4291
2023-2024: A5498

2017-S682 (ACTIVE) - Summary

Provides a tax credit to taxpayers who grow the base ingredients necessary for the production of beer.

2017-S682 (ACTIVE) - Sponsor Memo

2017-S682 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    682
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 Introduced  by  Sens.  KENNEDY, BOYLE, COMRIE, HAMILTON, LATIMER -- read
   twice and ordered printed, and when printed to  be  committed  to  the
   Committee on Investigations and Government Operations
 
 AN ACT to amend the tax law, in relation to providing a tax incentive to
   a taxpayer that grows base ingredients used for the production of beer

   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 37-a to read
 as follows:
   § 37-A. SUPPLIER OF BEER PRODUCTION INGREDIENTS TAX CREDIT. (A) GENER-
 AL. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS
 CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAXES IN THE AMOUNT SPEC-
 IFIED IN SUBDIVISION (B) OF THIS SECTION AND PURSUANT TO THE  PROVISIONS
 REFERENCED IN SUBDIVISION (C) OF THIS SECTION.
   (B)(1)  THE AMOUNT OF THE CREDIT PER TAXPAYER PER TAXABLE YEAR (OR PRO
 RATA SHARE OF EARNED CREDIT IN THE CASE OF A PARTNERSHIP) SHALL BE EQUAL
 TO THE COST BORNE BY SUCH TAXPAYER FOR THE  AGRICULTURAL  PRODUCTION  OF
 INGREDIENTS  NECESSARY  FOR  THE  PRODUCTION  OF  BEER. SUCH COSTS SHALL
 INCLUDE THE COST OF SEED, FERTILIZER, EQUIPMENT, UTILITIES, AND  EMPLOY-
 EES' SALARIES.
   (2)  THE CREDIT ALLOWED UNDER THIS SECTION SHALL ONLY BE APPLICABLE TO
 THAT PORTION OF A TAXPAYER'S CROP THAT IS SOLD DIRECTLY TO A DISTRIBUTOR
 REGISTERED UNDER ARTICLE EIGHTEEN OF THIS CHAPTER.
   (3) THE CREDIT ALLOWED UNDER THIS SECTION SHALL ONLY APPLY TO THE BASE
 INGREDIENTS NECESSARY TO PRODUCE BEER. THIS CREDIT SHALL NOT BE  ALLOWED
 FOR  ANY  INGREDIENT  OR  PRODUCT THAT IS USED FOR THE PURPOSE OF ADDING
 FLAVOR, COLOR, OR ALTERING SOME OTHER CHARACTERISTIC OF THE BEER.
   (C) CROSS-REFERENCES. FOR APPLICATION OF THE CREDIT  PROVIDED  FOR  IN
 THIS SECTION, SEE THE FOLLOWING PROVISIONS OF THIS CHAPTER:
   (1) ARTICLE 9-A: SECTION 210-B, SUBDIVISION 52.
   (2) ARTICLE 22: SECTION 606, SUBSECTIONS (I) AND (HHH).
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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