assembly Bill A8483

2021-2022 Legislative Session

Relates to economic development projects involving the use of fossil fuels; relates to tax on sales of motor fuel and petroleum products; repealer

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

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

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 05, 2022 referred to economic development
Nov 17, 2021 referred to economic development

Co-Sponsors

view additional co-sponsors

A8483 (ACTIVE) - Details

See Senate Version of this Bill:
S7438
Law Section:
Economic Development Law
Laws Affected:
Amd §§352, 355 & 433, Ec Dev L; amd §66, Pub Serv L; rpld §301-a sub (g) ¶4, sub (f) ¶3, §301-c subs (i), (j) & (l), §301-d, §301-e sub (f), §1105 sub (c) ¶3 sub¶ (xi), §1115 sub (a) ¶9, amd Tax L, generally; amd §3102-e, Pub Auth L

A8483 (ACTIVE) - Summary

Limits the use of fossil fuels in the research or production of energy for purposes of the excelsior jobs program; prohibits businesses engaged in the production, transmission, distribution, transportation or storage of fossil fuels from participation in the START-UP NY program; eliminates property that directly produces, transmits, distributes, transports or stores fossil fuels from qualifying tangible property for purposes of the investment tax credit and the Brownfield redevelopment tax credit; relates to tax on sales of motor fuel and petroleum products and makes conforming changes (view more) relates to the definition of qualified rehabilitation expenditures for purposes of the tax credit for rehabilitation of historic properties; relates to the definition of a qualified emerging technology company; relates to the definition of manufacturer for purposes of the calculation of special tax benefits for qualified New York manufacturers; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.

A8483 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8483
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             November 17, 2021
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Economic Development
 
 AN ACT to amend the economic development law and the public service law,
   in  relation  to  limiting  the use of fossil fuels in the research or
   production of energy for purposes of the excelsior  jobs  program;  to
   amend  the  economic development law, in relation to prohibiting busi-
   nesses engaged in the production, transmission,  distribution,  trans-
   portation  or storage of fossil fuels from participation in the START-
   UP NY program; to amend  the  tax  law,  in  relation  to  eliminating
   property that directly produces, transmits, distributes, transports or
   stores  fossil fuels from qualifying tangible property for purposes of
   the investment tax credit and the Brownfield redevelopment tax credit;
   to amend the tax law, in relation to tax on sales of  motor  fuel  and
   petroleum    products and to make conforming changes; to amend the tax
   law, in relation to the definition of qualified rehabilitation expend-
   itures for purposes of the tax credit for rehabilitation  of  historic
   properties;  to  amend  the public authorities law, in relation to the
   definition of a qualified emerging technology company;  to  amend  the
   tax law, in relation to the definition of manufacturer for purposes of
   the  calculation  of  special  tax  benefits  for  qualified  New York
   manufacturers; to repeal paragraph 3 of subdivision (f) and  paragraph
   4 of subdivision (g) of section 301-a of the tax law relating to manu-
   facturing  gallonage for   purposes   of   the  imposition  of certain
   taxes;  to  repeal subdivisions (i), (j), and (l) of section 301-c  of
   the  tax law relating to  reimbursement;  to  repeal  section 301-d of
   the tax law relating to a utility credit or reimbursement;  to  repeal
   subdivision  (f)  of  section  301-e  of  the  tax  law relating to an
   aviation fuel business which services four or more cities; to   repeal
   subparagraph (xi) of paragraph 3 of subdivision (c) of section 1105 of
   the  tax  law  relating  to  services rendered with respect to certain
   property; and to repeal paragraph 9 of subdivision (a) of section 1115
   of the  tax  law relating  to fuel sold to an airline for use  in  its
   airplanes
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13295-03-1