Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to investigations and government operations |
May 05, 2009 |
reported and committed to finance |
Feb 03, 2009 |
referred to investigations and government operations |
Senate Bill S1601
2009-2010 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
(D, WF) Senate District
(D) Senate District
(D, IP) Senate District
2009-S1601 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7519
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง612, Tax L
2009-S1601 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1601 TITLE OF BILL : An act to amend the tax law, in relation to allowing modifications reducing federal adjusted gross income for purposes of tax on personal income for the purchase and installation of farm waste electric generating equipment PURPOSE : This bill seeks to use tax incentives to promote methane digesters as a way to encourage onsite energy generation for dairy farms, and other energy dependent agriculture operations with anaerobic digester capabilities. SUMMARY OF PROVISIONS : JUSTIFICATION : Small scale anaerobic digesters have become increasingly economical as the technology is improved and perfected. These methane digesters are capable of producing energy that can reduce the overhead of an individual farm by drastically reducing its energy outside draw from the grid. Digester also have an environmental impact on individual farms, not just by reducing outside energy usage,
2009-S1601 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1601 2009-2010 Regular Sessions I N S E N A T E February 3, 2009 ___________ Introduced by Sen. VALESKY -- 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 allowing modifications reducing federal adjusted gross income for purposes of tax on personal income for the purchase and installation of farm waste electric gener- ating equipment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 39 to read as follows: (39) AN AMOUNT OF UP TO FIVE THOUSAND DOLLARS PAID BY A TAXPAYER FOR THE PURCHASE AND INSTALLATION OF FARM WASTE ELECTRIC GENERATING EQUIP- MENT FOR USE ON LAND USED IN AGRICULTURAL PRODUCTION. FOR PURPOSES OF THIS PARAGRAPH, THE TERM "FARM WASTE ELECTRIC GENERATING EQUIPMENT" SHALL HAVE THE SAME MEANING AS THAT TERM IS DEFINED IN PARAGRAPH (E) OF SUBDIVISION ONE OF SECTION FOUR HUNDRED EIGHTY-SEVEN OF THE REAL PROPER- TY TAX LAW AND THE TERM "LAND USED IN AGRICULTURAL PRODUCTION" SHALL HAVE THE SAME MEANING AS THAT TERM IS DEFINED IN SUBDIVISION FOUR OF SECTION THREE HUNDRED ONE OF THE AGRICULTURE AND MARKETS LAW. S 2. This act shall take effect immediately and shall apply to taxable years beginning on or after the first of January next succeeding the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05236-01-9
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