senate Bill S4270A

2023-2024 Legislative Session

Relates to establishing a carbon farming tax credit for farmers

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 22, 2023 referred to agriculture
returned to assembly
repassed senate
Mar 13, 2023 amended on third reading 4270a
Mar 13, 2023 vote reconsidered - restored to third reading
returned to senate
recalled from assembly
Feb 28, 2023 referred to agriculture
delivered to assembly
passed senate
Feb 14, 2023 ordered to third reading cal.355
Feb 13, 2023 reported and committed to rules
Feb 07, 2023 referred to agriculture

Votes

view votes

Feb 14, 2023 - Rules committee Vote

S4270
19
0
committee
19
Aye
0
Nay
1
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show committee vote details

Feb 13, 2023 - Agriculture committee Vote

S4270
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 13, 2023

Co-Sponsors

S4270 - Details

See Assembly Version of this Bill:
A5919
Current Committee:
Assembly Agriculture
Law Section:
Agriculture and Markets Law
Laws Affected:
Amd §§150 & 16, Ag & Mkts L; amd §§210-B & 606, Tax L; amd §§3-0301 & 19-0309, En Con L
Versions Introduced in Other Legislative Sessions:
2017-2018: A3281
2019-2020: S4875, A2718
2021-2022: S4707, A2042

S4270 - Summary

Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced.

S4270 - Sponsor Memo

S4270 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4270
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 7, 2023
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Agriculture
 
 AN ACT to amend the agriculture and markets law, the  tax  law  and  the
   environmental  conservation  law,  in  relation to enacting the carbon
   farming act

   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 "carbon
 farming act".
   § 2. Legislative intent. The legislature  hereby  finds  and  declares
 that  soil  and vegetation management can significantly enhance soil and
 carbon sequestration, resulting in a wide  range  of  environmental  and
 agricultural  benefits  to  New  York  farmers and residents, including:
 increased yields; soil health; improved water quality; and reductions in
 greenhouse gases. The legislature further declares that enhancing carbon
 sequestration, the long term storage of carbon in plants, soils, geolog-
 ic formations and the ocean, through farming is in the best interest  of
 New  Yorkers.  It  is  therefore  the  intent of the legislature and the
 purpose of this act to encourage farmers to further sequester and  miti-
 gate carbon in this state by establishing a carbon farming tax credit to
 reward  and incentivize farmers to maintain or adopt practices that help
 maximize New York's carbon sequestration potential.
   § 3. Section 150 of the agriculture and  markets  law  is  amended  by
 adding a new subdivision 5 to read as follows:
   5.  "CARBON  FARMING"  MEANS  THE  IMPLEMENTATION OF A LAND MANAGEMENT
 STRATEGY FOR THE PURPOSES  OF  REDUCING,  SEQUESTERING,  AND  MITIGATING
 GREENHOUSE GAS EMISSIONS ON LAND USED IN SUPPORT OF A FARM OPERATION AND
 QUANTIFYING  THOSE  GREENHOUSE  GAS  BENEFITS  USING  THE  UNITED STATES
 DEPARTMENT OF AGRICULTURE'S COMET-PLANNER, COMET-FARM, AND OTHER QUANTI-
 FICATION TOOLS.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01378-01-3
 S. 4270                             2

Co-Sponsors

S4270A (ACTIVE) - Details

See Assembly Version of this Bill:
A5919
Current Committee:
Assembly Agriculture
Law Section:
Agriculture and Markets Law
Laws Affected:
Amd §§150 & 16, Ag & Mkts L; amd §§210-B & 606, Tax L; amd §§3-0301 & 19-0309, En Con L
Versions Introduced in Other Legislative Sessions:
2017-2018: A3281
2019-2020: S4875, A2718
2021-2022: S4707, A2042

S4270A (ACTIVE) - Summary

Establishes a tax credit for farmers who maximize carbon sequestration potential through a "carbon farming" land management strategy; directs DEC to develop regulations related to certifying the amount of carbon sequestered or emissions reduced.

S4270A (ACTIVE) - Sponsor Memo

S4270A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4270--A
     Cal. No. 355
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 7, 2023
                                ___________
 
 Introduced by Sens. PARKER, MAY, ROLISON, WEBB -- read twice and ordered
   printed, and when printed to be committed to the Committee on Agricul-
   ture  --  reported  favorably from said committee and committed to the
   Committee on Rules -- reported favorably from said committee,  ordered
   to  a  third  reading, passed by Senate and delivered to the Assembly,
   recalled, vote reconsidered, restored to third  reading,  amended  and
   ordered reprinted, retaining its place in the order of third reading
 
 AN  ACT  to  amend  the agriculture and markets law, the tax law and the
   environmental conservation law, in relation  to  enacting  the  carbon
   farming act
 
   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  "carbon
 farming act".
   §  2.  Legislative  intent.  The legislature hereby finds and declares
 that soil and vegetation management can significantly enhance  soil  and
 carbon  sequestration,  resulting  in  a wide range of environmental and
 agricultural benefits to New  York  farmers  and  residents,  including:
 increased yields; soil health; improved water quality; and reductions in
 greenhouse gases. The legislature further declares that enhancing carbon
 sequestration, the long term storage of carbon in plants, soils, geolog-
 ic  formations and the ocean, through farming is in the best interest of
 New Yorkers. It is therefore the  intent  of  the  legislature  and  the
 purpose  of this act to encourage farmers to further sequester and miti-
 gate carbon in this state by establishing a carbon farming tax credit to
 reward and incentivize farmers to maintain or adopt practices that  help
 maximize New York's carbon sequestration potential.
   §  3.  Section  150  of  the agriculture and markets law is amended by
 adding a new subdivision 5 to read as follows:
   5. "CARBON FARMING" MEANS THE  IMPLEMENTATION  OF  A  LAND  MANAGEMENT
 STRATEGY  FOR  THE  PURPOSES  OF  REDUCING, SEQUESTERING, AND MITIGATING
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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