senate Bill S6078A

2021-2022 Legislative Session

Provides a tax credit for sales or rentals of agricultural assets to beginning farmers; and establishes the duties of the commissioner of agriculture and markets with respect thereto

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 11, 2022 print number 6078a
Jan 11, 2022 amend and recommit to investigations and government operations
Jan 05, 2022 referred to investigations and government operations
Apr 06, 2021 referred to investigations and government operations

S6078 - Details

See Assembly Version of this Bill:
A8452
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §45, amd §§210-B & 606, Tax L; amd §16, Ag & Mkts L
Versions Introduced in 2023-2024 Legislative Session:
S1680

S6078 - Summary

Provides a tax credit for sales or rentals of agricultural assets to beginning farmers; requires the commissioner of agriculture and markets to implement a plan for certification of eligible taxpayers with respect thereto.

S6078 - Sponsor Memo

S6078 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6078
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 6, 2021
                                ___________
 
 Introduced  by  Sen. HINCHEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 AN ACT to amend the tax law, in relation to providing a tax  credit  for
   sales  or  rentals of agricultural assets to beginning farmers; and to
   amend the agriculture and markets law,  in  relation  to  establishing
   duties  of  the  commissioner  of agriculture and markets with respect
   thereto
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This act shall be known and may be cited as the "New York
 farmland preservation act".
   § 2. The tax law is amended by adding a new  section  45  to  read  as
 follows:
   § 45. CREDIT FOR OWNERS OF AGRICULTURAL ASSETS. (A) GENERAL. A TAXPAY-
 ER  THAT  HAS  BEEN  CERTIFIED  BY  THE  COMMISSIONER OF AGRICULTURE AND
 MARKETS AS A CERTIFIED OWNER OF AGRICULTURAL ASSETS  SHALL  BE  ELIGIBLE
 FOR  A CREDIT AGAINST THE TAX IMPOSED UNDER ARTICLE NINE-A OR TWENTY-TWO
 OF THIS CHAPTER, PURSUANT TO THE PROVISIONS REFERENCED IN THIS SECTION.
   (B) DEFINITIONS. FOR PURPOSES OF THIS  SECTION,  THE  FOLLOWING  TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   (1)  "AGRICULTURAL  ASSETS"  SHALL  MEAN AGRICULTURAL LAND, LIVESTOCK,
 FACILITIES, BUILDINGS, OR MACHINERY USED FOR FARMING.
   (2) "BEGINNING FARMER" MEANS A RESIDENT OF NEW YORK WHO:
   (I) IS SEEKING ENTRY, OR HAS ENTERED WITHIN THE LAST TEN  YEARS,  INTO
 FARMING;
   (II)  INTENDS  TO  FARM  LAND  LOCATED WITHIN THE STATE BORDERS OF NEW
 YORK;
   (III) IS NOT RELATED BY BLOOD OR MARRIAGE TO THE OWNER OF THE AGRICUL-
 TURAL ASSETS FROM WHOM THE BEGINNING FARMER IS SEEKING  TO  PURCHASE  OR
 RENT AGRICULTURAL ASSETS;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Co-Sponsors

S6078A (ACTIVE) - Details

See Assembly Version of this Bill:
A8452
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Add §45, amd §§210-B & 606, Tax L; amd §16, Ag & Mkts L
Versions Introduced in 2023-2024 Legislative Session:
S1680

S6078A (ACTIVE) - Summary

Provides a tax credit for sales or rentals of agricultural assets to beginning farmers; requires the commissioner of agriculture and markets to implement a plan for certification of eligible taxpayers with respect thereto.

S6078A (ACTIVE) - Sponsor Memo

S6078A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6078--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 6, 2021
                                ___________
 
 Introduced  by  Sen. HINCHEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations -- recommitted to the Committee on Investigations  and
   Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 AN  ACT  to amend the tax law, in relation to providing a tax credit for
   sales or rentals of agricultural assets to beginning farmers;  and  to
   amend  the  agriculture  and  markets law, in relation to establishing
   duties of the commissioner of agriculture  and  markets  with  respect
   thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act shall be known and may be cited as the  "New  York
 farmland preservation act".
   §  2.  The  tax  law  is amended by adding a new section 45 to read as
 follows:
   § 45. CREDIT FOR OWNERS OF AGRICULTURAL ASSETS. (A) GENERAL. A TAXPAY-
 ER THAT HAS BEEN  CERTIFIED  BY  THE  COMMISSIONER  OF  AGRICULTURE  AND
 MARKETS  AS  A  CERTIFIED OWNER OF AGRICULTURAL ASSETS SHALL BE ELIGIBLE
 FOR A CREDIT AGAINST THE TAX IMPOSED UNDER ARTICLE NINE-A OR  TWENTY-TWO
 OF THIS CHAPTER, PURSUANT TO THE PROVISIONS REFERENCED IN THIS SECTION.
   (B)  DEFINITIONS.  FOR  PURPOSES  OF THIS SECTION, THE FOLLOWING TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   (1) "AGRICULTURAL ASSETS" SHALL  MEAN  AGRICULTURAL  LAND,  LIVESTOCK,
 FACILITIES, BUILDINGS, OR MACHINERY USED FOR FARMING.
   (2) "BEGINNING FARMER" MEANS A RESIDENT OF NEW YORK WHO:
   (I)  IS  SEEKING ENTRY, OR HAS ENTERED WITHIN THE LAST TEN YEARS, INTO
 FARMING;
   (II) INTENDS TO FARM LAND LOCATED WITHIN  THE  STATE  BORDERS  OF  NEW
 YORK;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08317-04-1

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.