Senate Bill S751

2019-2020 Legislative Session

Establishes the buy New York produce tax credit

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2019-S751 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §210-B, Tax L
Versions Introduced in 2017-2018 Legislative Session:
S8957

2019-S751 (ACTIVE) - Summary

Establishes the buy New York produce tax credit; provides a tax credit for food service establishments for ten percent of the total receipts of New York produced farm products purchased, not to exceed one thousand dollars.

2019-S751 (ACTIVE) - Sponsor Memo

2019-S751 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    751
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced  by  Sen.  MONTGOMERY  -- 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 buy New
   York produce tax credit

   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 53 to read as follows:
   53. BUY NEW YORK PRODUCE TAX CREDIT. (A) AMOUNT OF CREDIT. A  TAXPAYER
 SHALL  BE  ALLOWED  A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR
 PURCHASING NEW YORK PRODUCED FARM PRODUCTS. THE  AMOUNT  OF  THE  CREDIT
 SHALL BE EQUAL TO TEN PERCENT OF THE TOTAL RECEIPTS OF NEW YORK PRODUCED
 FARM  PRODUCTS  THAT ARE PURCHASED BY THE TAXPAYER IN A TAXABLE YEAR NOT
 TO EXCEED ONE THOUSAND DOLLARS IN A TAXABLE YEAR.
   (B) CREDIT LIMITATION. THE TOTAL  AMOUNT  OF  CREDIT  TO  BE  PROVIDED
 STATEWIDE SHALL NOT EXCEED FIVE MILLION DOLLARS IN A TAXABLE YEAR.
   (C)  ELIGIBILITY.  A TAXPAYER SHALL BE ELIGIBLE FOR THE CREDIT ALLOWED
 PURSUANT TO THIS SUBDIVISION IF SUCH TAXPAYER IS A FOOD  SERVICE  ESTAB-
 LISHMENT AS SUCH TERM IS DEFINED IN PARAGRAPH (D) OF THIS SUBDIVISION.
   (D)  DEFINITIONS. (I) THE TERM "FOOD SERVICE ESTABLISHMENT" SHALL MEAN
 A PLACE WHERE FOOD IS  PREPARED  AND  INTENDED  FOR  INDIVIDUAL  PORTION
 SERVICE  AND  INCLUDES  THE  SITE  AT  WHICH THE INDIVIDUAL PORTIONS ARE
 PROVIDED, WHETHER CONSUMPTION OCCURS ON OR OFF THE PREMISES.  SUCH  TERM
 SHALL  NOT  INCLUDE  FOOD PROCESSING ESTABLISHMENTS, RETAIL FOOD STORES,
 PRIVATE HOMES WHERE FOOD IS PREPARED OR SERVED FOR  FAMILY  CONSUMPTION,
 AND  FOOD  SERVICE  OPERATIONS WHERE A DISTINCT GROUP MUTUALLY PROVIDES,
 PREPARES, SERVES, AND CONSUMES THE FOOD LIMITED TO A CONGREGATION, CLUB,
 OR FRATERNAL ORGANIZATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.