|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 16, 2019||referred to budget and revenue|
senate Bill S6017
Current Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6017 (ACTIVE) - Details
S6017 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6017 SPONSOR: GRIFFO TITLE OF BILL: An act to amend the tax law, in relation to providing a tax credit to certain landowners who allow snowmobile access on such land PURPOSE: To maintain and expand the network of public snowmobile trails in New York State. SUMMARY OF PROVISIONS: Section 1 - Amends Section 606 of the tax law by adding a new subsection (n-2). Section 2 - Provides the effective date.
S6017 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6017 2019-2020 Regular Sessions I N S E N A T E May 16, 2019 ___________ Introduced by Sen. GRIFFO -- 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, in relation to providing a tax credit to certain landowners who allow snowmobile access on such land 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 (n-3) to read as follows: (N-3) CREDIT FOR CERTAIN LANDOWNERS WHO ALLOW SNOWMOBILE ACCESS. (1) AN INDIVIDUAL TAXPAYER WHO MEETS THE ELIGIBILITY STANDARDS IN PARAGRAPH TWO OF THIS SUBSECTION SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS ARTICLE IN THE AMOUNT SPECIFIED IN PARAGRAPH THREE OF THIS SUBSECTION. (2) TO BE ELIGIBLE FOR THE CREDIT, THE TAXPAYER (OR TAXPAYERS FILING JOINT RETURNS) ON THE PERSONAL INCOME TAX RETURN MUST ALLOW SNOWMOBILE ACCESS IN THE FORM OF A STATE-FUNDED SNOWMOBILE TRAIL OR PORTION THEREOF ON PROPERTY OWNED BY THE TAXPAYER. (3) A TAXPAYER SHALL BE ALLOWED A CREDIT EQUAL TO TEN CENTS PER LINEAR FOOT OF STATE-FUNDED SNOWMOBILE TRAIL ON ELIGIBLE PROPERTY PURSUANT TO PARAGRAPH TWO OF THIS SUBSECTION. (4) THE AMOUNT OF THE CREDIT THAT MAY BE CLAIMED BY A TAXPAYER PURSU- ANT TO THIS SUBSECTION SHALL NOT EXCEED SEVEN HUNDRED FIFTY DOLLARS IN ANY GIVEN YEAR. (5) IF THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS ALLOWED FOR A TAXABLE YEAR COMMENCING PRIOR TO JANUARY FIRST, TWO THOU- SAND TWENTY MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS AND MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS, BUT IN NO EVENT SHALL SUCH CREDIT BE CARRIED OVER TO TAXABLE YEARS COMMENCING ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTY, AND ANY AMOUNT OF CREDIT ALLOWED FOR A TAXABLE YEAR COMMENCING ON OR AFTER JANUARY FIRST, TWO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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