|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Mar 19, 2021||recommit, enacting clause stricken|
|Jan 22, 2021||referred to budget and revenue|
senate Bill S2721
Current Bill Status - Stricken
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2721 (ACTIVE) - Details
S2721 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2721 SPONSOR: KRUEGER TITLE OF BILL: An act to amend the executive law, in relation to requiring an annual report of all fossil fuel related tax expenditures; and to provide for the expiration of fossil fuel related tax expenditures PURPOSE: To require the Governor to submit an annual enumeration of fossil fuel related tax expenditures, including recommendations regarding continua- tion, modification or repeal of such expenditures; and to provide for the expiration of all such expenditures within 5 years unless renewed through legislative action. SUMMARY OF PROVISIONS: Section 1: Legislative findings. Section 2: Definitions.
S2721 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2721 2021-2022 Regular Sessions I N S E N A T E January 22, 2021 ___________ Introduced by Sens. KRUEGER, BIAGGI, BROOKS, GOUNARDES, HOYLMAN, KAPLAN, LIU, MAY, MYRIE, RIVERA, SALAZAR, SERRANO -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the executive law, in relation to requiring an annual report of all fossil fuel related tax expenditures; and to provide for the expiration of fossil fuel related tax expenditures THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that the use of fossil fuels result in greenhouse gas emis- sions. The state has a goal of reducing greenhouse gas emissions by eighty percent below 1990 levels by 2050 to combat climate change. Therefore, the state has an interest in reducing tax expenditures that support fossil fuels. By creating a process through which the legisla- ture would review existing fossil fuel tax expenditures on a regular basis, the state can better ensure that they are in the public interest. § 2. Subdivision 1 of section 181 of the executive law is amended by adding two new paragraphs (c) and (d) to read as follows: (C) "FOSSIL FUEL" SHALL HAVE THE SAME DEFINITION AS IN SECTION 1-103 OF THE ENERGY LAW AND INCLUDE BIODIESEL. (D) "FOSSIL FUEL RELATED TAX EXPENDITURES" SHALL MEAN TAX EXPENDITURES THAT DIRECTLY SUPPORT THE PRODUCTION, TRANSMISSION, DISTRIBUTION, TRANS- PORTATION, STORAGE, SALE, PURCHASE OR DELIVERY OF FOSSIL FUELS. § 3. The opening paragraph and paragraphs (f) and (g) of subdivision 2 of section 181 of the executive law, the opening paragraph as amended by chapter 309 of the laws of 1996 and paragraphs (f) and (g) as added by chapter 23 of the laws of 1990, are amended and two new paragraphs (h) and (i) are added to read as follows: In addition to the information required by article seven of the constitution and section twenty-two of the state finance law, the gover- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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