Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 08, 2020 | referred to budget and revenue |
Oct 28, 2019 | print number 4718a |
Oct 28, 2019 | amend (t) and recommit to budget and revenue |
Mar 21, 2019 | referred to budget and revenue |
senate Bill S4718
Sponsored By
Jen Metzger
(D, WF) 0 Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Your Voice
Actions
Bill Amendments
Co-Sponsors
Alessandra Biaggi
(D, WF) 34th Senate District
Andrew Gounardes
(D) 22nd Senate District
Velmanette Montgomery
(D) 0 Senate District
Zellnor Myrie
(D) 20th Senate District
S4718 - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210-B & 606, Tax L; amd §3-0301, En Con L
- Versions Introduced in 2021-2022 Legislative Session:
-
S4741
S4718 - Sponsor Memo
BILL NUMBER: S4718 REVISED 10/28/2019 SPONSOR: METZGER TITLE OF BILL: An act to amend the tax law and the environmental conservation law, in relation to establishing an oyster shell recycling tax credit PURPOSE: This bill will create an oyster shell recycling tax credit in New York State. SUMMARY OF SPECIFIC PROVISIONS: Section one amends Section 210-B of the tax law by adding a new subdivi- sion 54. Section two amends Section 606 of the tax law by adding a new subsection (kkk). Section three amends Subparagraph (B) of paragraph 1 of subsection (i)
S4718 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4718 2019-2020 Regular Sessions I N S E N A T E March 21, 2019 ___________ Introduced by Sen. METZGER -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law and the environmental conservation law, in relation to establishing an oyster shell recycling 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. OYSTER SHELL RECYCLING CREDIT. A TAXPAYER SHALL BE ALLOWED A CRED- IT, TO BE COMPUTED AS HEREINAFTER PROVIDED AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR THE RECYCLING OF OYSTER SHELLS. THE AMOUNT OF THE CREDIT SHALL BE THE LESSER OF ONE THOUSAND DOLLARS, OR TEN CENTS MULTI- PLIED BY THE NUMBER OF POUNDS OF OYSTER SHELLS CERTIFIED BY THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION. THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE FIXED DOLLAR MINIMUM AMOUNT PRESCRIBED IN PARAGRAPH (D) OF SUBDIVISION ONE OF SECTION TWO HUNDRED TEN OF THIS ARTICLE. § 2. Section 606 of the tax law is amended by adding a new subsection (jjj) to read as follows: (JJJ) OYSTER SHELL RECYCLING CREDIT. (1) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR THE RECYCLING OF OYSTER SHELLS. (2) THE AMOUNT OF THE CREDIT SHALL BE THE LESSER OF ONE THOUSAND DOLLARS, OR TEN CENTS MULTIPLIED BY THE NUMBER OF POUNDS OF OYSTER SHELLS CERTIFIED BY THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION. § 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliv) to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00526-01-9
Co-Sponsors
Alessandra Biaggi
(D, WF) 34th Senate District
Andrew Gounardes
(D) 22nd Senate District
Velmanette Montgomery
(D) 0 Senate District
Zellnor Myrie
(D) 20th Senate District
S4718A (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210-B & 606, Tax L; amd §3-0301, En Con L
- Versions Introduced in 2021-2022 Legislative Session:
-
S4741
S4718A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4718A SPONSOR: METZGER TITLE OF BILL: An act to amend the tax law and the environmental conservation law, in relation to establishing a bivalve mollusk shell recycling tax credit PURPOSE: This bill will create an oyster shell recycling tax credit in New York State. SUMMARY OF SPECIFIC PROVISIONS: Section one amends Section 210-B of the tax law by adding a new subdivi- sion 54. Section two amends Section 606 of the tax law by adding a new subsection (kkk).
S4718A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4718--A 2019-2020 Regular Sessions I N S E N A T E March 21, 2019 ___________ Introduced by Sens. METZGER, BIAGGI, GOUNARDES, MONTGOMERY, MYRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law and the environmental conservation law, in relation to establishing a bivalve mollusk shell recycling 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 54 to read as follows: 54. BIVALVE MOLLUSK SHELL RECYCLING CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR THE RECYCLING OF BIVALVE MOLLUSK SHELLS. THE AMOUNT OF THE CREDIT SHALL BE THE LESSER OF ONE THOUSAND DOLLARS, OR TEN CENTS MULTIPLIED BY THE NUMBER OF POUNDS OF MOLLUSK SHELLS CERTIFIED BY THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION. THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE FIXED DOLLAR MINIMUM AMOUNT PRESCRIBED IN PARAGRAPH (D) OF SUBDIVISION ONE OF SECTION TWO HUNDRED TEN OF THIS ARTICLE. IN ORDER FOR A TAXPAYER TO QUALIFY FOR THIS CREDIT, THE SHELLS SHALL BE DONATED TO AN ENTITY OR ORGANIZATION PERMIT- TED BY THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION TO REUSE SUCH SHELLS FOR THE BENEFICIAL USE OF OYSTER REEF RESTORATION. § 2. Section 606 of the tax law is amended by adding a new subsection (kkk) to read as follows: (KKK) BIVALVE MOLLUSK SHELL RECYCLING CREDIT. (1) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR THE RECYCLING OF BIVALVE MOLLUSK SHELLS. (2) THE AMOUNT OF THE CREDIT SHALL BE THE LESSER OF ONE THOUSAND DOLLARS, OR TEN CENTS MULTIPLIED BY THE NUMBER OF POUNDS OF BIVALVE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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