Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 23, 2018 |
print number 4721a |
Feb 23, 2018 |
amend and recommit to investigations and government operations |
Jan 03, 2018 |
referred to investigations and government operations returned to senate died in assembly |
Mar 22, 2017 |
referred to ways and means |
Mar 21, 2017 |
delivered to assembly passed senate ordered to third reading cal.450 committee discharged and committed to rules |
Feb 24, 2017 |
referred to investigations and government operations |
Senate Bill S4721
2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Actions
Votes
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
2017-S4721 - Details
- See Assembly Version of this Bill:
- A7368
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §§43 & 187-t, amd §§210-B & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
A5447
2021-2022: A3978
2023-2024: A5483
2017-S4721 - Summary
Relates to the creation of a certified transitional tax credit for taxpayers that demonstrate their agricultural products were sold during a period of transition into USDA organic certification, under the Whole Foods Market IP. L.P. "responsibly grown" labelling program, or under the QAI and Hesco, Inc. "certified transitional" label.
2017-S4721 - Sponsor Memo
BILL NUMBER: S4721 TITLE OF BILL : An act to amend the tax law, in relation to creating a certified transitional tax credit; and providing for the repeal of such provisions upon expiration thereof PURPOSE : To extend a limited tax credit to agricultural producers transitioning in to USDA Organic certification. SUMMARY OF PROVISIONS : Section 1. Amends the tax law by adding section 43, creating a refundable credit for taxpayers who sold goods under an eligible program as defined by this act. Section 2. Amends the tax law by adding section 187-t, creating a refundable credit for taxpayers who sold goods under an eligible program as defined by this act. Section 3. Amends section 210-B of the tax law by adding a new subdivision, 52, creating a refundable credit for taxpayers who sold goods under an eligible program as defined by this act. Section 4. Amends subparagraph B, paragraph 1, subsection i, of
2017-S4721 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4721 2017-2018 Regular Sessions I N S E N A T E February 24, 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 creating a certified transi- tional tax credit; and providing for the repeal of such provisions upon expiration thereof 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 43 to read as follows: § 43. CERTIFIED TRANSITIONAL TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER, WHO IS SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A, OR TWENTY- TWO OF THIS CHAPTER SHALL BE ALLOWED A REFUNDABLE CREDIT AGAINST SUCH TAX TO BE COMPUTED AS PROVIDED IN THIS SECTION, FOR THE TAX IMPOSED BY THIS ARTICLE FOR TAXABLE YEARS AFTER JANUARY FIRST, TWO THOUSAND EIGH- TEEN. (B) VALUE OF CREDIT. THE AMOUNT OF SUCH CREDIT SHALL BE EQUAL TO TWEN- TY-FIVE PERCENT OF THE TOTAL POUNDS OF GOODS SOLD UNDER AN ELIGIBLE PROGRAM UNDER SUBDIVISION (C) OF THIS SECTION, MULTIPLIED BY ONE-HALF. (C) ELIGIBLE PROGRAMS. TAXPAYERS THAT WISH TO CLAIM THIS CREDIT MUST DEMONSTRATE THEIR AGRICULTURAL PRODUCTS WERE SOLD DURING A PERIOD OF TRANSITION IN TO USDA ORGANIC CERTIFICATION, UNDER THE WHOLE FOODS MARKET IP. L.P. "RESPONSIBLY GROWN" LABELLING PROGRAM, OR UNDER THE QAI AND HESCO, INC. "CERTIFIED TRANSITIONAL" LABEL. (D) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SECTION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE MINIMUM TAX FIXED BY THIS ARTICLE. HOWEVER, IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS SECTION FOR ANY TAXABLE YEAR REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT THUS NOT DEDUCTIBLE IN SUCH TAXABLE YEAR SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION ONE THOUSAND EIGHTY-SIX OF EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R, C, IP) Senate District
2017-S4721A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7368
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §§43 & 187-t, amd §§210-B & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
A5447
2021-2022: A3978
2023-2024: A5483
2017-S4721A (ACTIVE) - Summary
Relates to the creation of a certified transitional tax credit for taxpayers that demonstrate their agricultural products were sold during a period of transition into USDA organic certification, under the Whole Foods Market IP. L.P. "responsibly grown" labelling program, or under the QAI and Hesco, Inc. "certified transitional" label.
2017-S4721A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4721A SPONSOR: RITCHIE TITLE OF BILL: An act to amend the tax law, in relation to creating a certified transitional tax credit; and providing for the repeal of such provisions upon expiration thereof PURPOSE: To extend a limited tax credit to agricultural producers transitioning in to USDA Organic certification. SUMMARY OF PROVISIONS: Section 1. Amends the tax law by adding section 44, creating a refunda- ble credit for taxpayers who sold goods under an eligible program as defined by this act. Section 2. Amends the tax law by adding section 187-q, creating a refundable credit for taxpayers who sold goods under an eligible program as defined by this act.
2017-S4721A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4721--A 2017-2018 Regular Sessions I N S E N A T E February 24, 2017 ___________ Introduced by Sens. RITCHIE, MARCHIONE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to creating a certified transi- tional tax credit; and providing for the repeal of such provisions upon expiration thereof 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 44 to read as follows: § 44. CERTIFIED TRANSITIONAL TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER, WHO IS SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A, OR TWENTY- TWO OF THIS CHAPTER SHALL BE ALLOWED A REFUNDABLE CREDIT AGAINST SUCH TAX TO BE COMPUTED AS PROVIDED IN THIS SECTION, FOR THE TAX IMPOSED BY THIS ARTICLE FOR TAXABLE YEARS AFTER JANUARY FIRST, TWO THOUSAND NINE- TEEN. (B) VALUE OF CREDIT. THE AMOUNT OF SUCH CREDIT SHALL BE EQUAL TO TWEN- TY-FIVE PERCENT OF THE TOTAL POUNDS OF GOODS SOLD UNDER AN ELIGIBLE PROGRAM UNDER SUBDIVISION (C) OF THIS SECTION, MULTIPLIED BY ONE-HALF. (C) ELIGIBLE PROGRAMS. TAXPAYERS THAT WISH TO CLAIM THIS CREDIT MUST DEMONSTRATE THEIR AGRICULTURAL PRODUCTS WERE SOLD DURING A PERIOD OF TRANSITION IN TO USDA ORGANIC CERTIFICATION, UNDER THE WHOLE FOODS MARKET IP. L.P. "RESPONSIBLY GROWN" LABELLING PROGRAM, OR UNDER THE QAI AND HESCO, INC. "CERTIFIED TRANSITIONAL" LABEL. (D) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SECTION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE MINIMUM TAX FIXED BY THIS ARTICLE. HOWEVER, IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS SECTION FOR ANY TAXABLE YEAR REDUCES THE TAX TO SUCH EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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