|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 09, 2019||referred to investigations and government operations|
senate Bill S601
Current Bill Status - In Senate Committee Investigations And Government Operations Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S601 (ACTIVE) - Details
S601 (ACTIVE) - Sponsor Memo
BILL NUMBER: S601 SPONSOR: GALLIVAN TITLE OF BILL: An act to amend the tax law, in relation to establishing the venison donation tax credit PURPOSE: This legislation would create a venison donation tax credit. SUMMARY OF PROVISIONS: Sections 1-3. Amends section 606 of the tax law by adding a new subsection (jjj) to create a new venison donation tax credit; amends section 210 of the tax law and section 612 of the tax law to reflect these changes. Section 4. Establishes the effective date.
S601 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 601 2019-2020 Regular Sessions I N S E N A T E (PREFILED) January 9, 2019 ___________ Introduced by Sens. GALLIVAN, HELMING -- 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 establishing the venison donation tax credit 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 (jjj) to read as follows: (JJJ) VENISON DONATION TAX CREDIT. (1) ALLOWANCE OF CREDIT. A TAXPAYER WHO PROVIDES DEER TO A NONPROFIT ORGANIZATION FOR THE PURPOSES OF VENI- SON DONATION SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN PARAGRAPH TWO OF THIS SUBSECTION, AGAINST THE TAX IMPOSED BY THIS ARTI- CLE. TO QUALIFY FOR THE CREDIT PROVIDED IN THIS SECTION, A TAXPAYER MUST DONATE A DEER TO A NONPROFIT ORGANIZATION IN ITS ENTIRETY PROVIDED, HOWEVER, THAT SUCH TAXPAYER MAY RETAIN THE HEAD, NECK, ANTLERS, HIDES AND/OR HOOVES OF SUCH DEER. (2) AMOUNT OF CREDIT. THE AMOUNT OF CREDIT SHALL EQUAL THE NUMBER OF ADULT DEER DONATED, MULTIPLIED BY THE WEIGHT OF SUCH DEER WHICH IN ALL CASES SHALL BE DEEMED FORTY-FIVE POUNDS, MULTIPLIED FURTHER BY THE DONATED VENISON PRICE. THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION SHALL ANNUALLY DETERMINE THE DONATED VENISON PRICE ON OR BEFORE THE FIRST DAY OF AUGUST. THE DONATED VENISON PRICE SHALL BE WITHIN FIFTY PERCENT OF THE TOTAL DETERMINED BY SUBTRACTING THE AVERAGE PROCESSING COST PER POUND CHARGED BY MEAT PROCESSING FACILITIES FROM THE MARKET PRICE FOR GROUND BEEF PROVIDED, HOWEVER, THAT IN NO CASE SHALL THE DONATED VENISON PRICE BE LESS THAN ONE DOLLAR AND FIFTY CENTS PER POUND. (3) APPLICATION OF CREDIT. IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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