Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to ways and means |
Jan 29, 2009 |
referred to ways and means |
Assembly Bill A4032
2009-2010 Legislative Session
Sponsored By
THIELE
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Joseph Saladino
Dean Murray
multi-Sponsors
Thomas Alfano
Robert Barra
James Conte
Michael J. Fitzpatrick
2009-A4032 (ACTIVE) - Details
2009-A4032 (ACTIVE) - Summary
Establishes a tax credit for commercial fishing equipment; defines terms; provides that such credit shall be for the amount of the purchase and installation of eligible commercial fishing equipment shall be fifty percent of the qualified expenses for commercial fisherman.
2009-A4032 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4032 2009-2010 Regular Sessions I N A S S E M B L Y January 29, 2009 ___________ Introduced by M. of A. THIELE, SALADINO -- Multi-Sponsored by -- M. of A. ALFANO, BARRA, CONTE, FITZPATRICK, McDONOUGH, RAIA -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to credit for commercial fish- ing equipment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 30 to read as follows: S 30. CREDIT FOR COMMERCIAL FISHING EQUIPMENT. (A) GENERAL. A COMMER- CIAL FISHERMAN AS DEFINED BY SUBDIVISION (I) OF SECTION THREE HUNDRED OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST PERSONAL INCOME TAX. THE CREDIT SHALL BE ALLOWED FOR QUALIFIED EXPENDITURES WHICH MEET THE ELIGI- BILITY CRITERIA, IF ANY, PRESCRIBED BY THE DEPARTMENT, IN CONSULTATION WITH THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION, DISBURSED IN THIS STATE. (B) DEFINITIONS. (1) THE TERM "COMMERCIAL FISHING EQUIPMENT" SHALL REFER TO THE EQUIPMENT USED TO CATCH LARGE QUANTITIES OF FISH, INCLUD- ING: (I) HOOKS, HARPOONS, AND GAFFS, ELECTRONIC LURES, LEAD WEIGHTS, BOTTOM REELS, NETS AND MONOFILAMENT. (II) TRAPS, TRAP AND POT HAULERS, BLOCKS AND ROLLERS, CRAB AND SHRIMP GEAR, AND DAVITS. (III) ANY ADDITIONAL EQUIPMENT AS DETERMINED BY THE DEPARTMENT, IN CONSULTATION WITH THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION. (2) THE TERM "TAXABLE YEAR" MEANS THE TAXABLE YEAR OF A BUSINESS TAXPAYER FILING A NEW YORK STATE TAX. (3) QUALIFIED EXPENDITURES SHALL BE REMITTED COSTS FOR EQUIPMENT DIRECTLY RELATED TO COMMERCIAL FISHING OR INSTALLATION OF SUCH EQUIPMENT INTENDED FOR THE ORIGINAL USE OF SAID TAXPAYER, ON A VESSEL REGISTERED IN NEW YORK STATE. SUCH QUALIFIED EXPENDITURES SHALL NOT INCLUDE INTER- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04001-01-9
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