Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 18, 2010 |
referred to finance |
Senate Bill S7172
2009-2010 Legislative Session
Sponsored By
(R, C, Ind, WF) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
(R, C, IP) Senate District
2009-S7172 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8762
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Add ยง99-t, St Fin L
- Versions Introduced in 2011-2012 Legislative Session:
-
A666
2009-S7172 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7172 TITLE OF BILL : An act to amend the state finance law, in relation to establishing the New York state tax on the dry cask storage fund and to direct certain nuclear generating facilities to transfer certain monies in exchange for the storage of dry casks containing spent fuel PURPOSE : This bill will establish a New York State tax on the dry cask storage fund at any nuclear facility in New York State that is located in an emergency planning zone (EPZ) with a population exceeding two hundred thousand people. The funds in account may be expended for both development of renewable resources via NYSERDA with a priority for projects in schools and municipal buildings statewide and for reimbursement of related emergency expenditures by counties in the EPZ. SUMMARY OF PROVISIONS : Section 2. Amends the state finance law by adding a new section 99-t which creates a special revenue fund to be known as the "New York State tax on dry cask storage fund" JUSTIFICATION : 1. Unintended use of property: With any commercial enterprise, when new structures are added, business must pay additional tax. Thus, exempting the nuclear power industry from this standard practice holds
2009-S7172 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7172 I N S E N A T E March 18, 2010 ___________ Introduced by Sens. MORAHAN, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to establishing the New York state tax on the dry cask storage fund and to direct certain nuclear generating facilities to transfer certain monies in exchange for the storage of dry casks containing spent fuel THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Any nuclear facility in New York state in an emergency planning zone with a population exceeding two hundred thousand must transfer to the New York state tax on the dry cask storage fund, as established pursuant to section two of this act, $750,000 each year for each dry cask containing spent fuel that is located at the independent spent fuel storage installation at such nuclear generating facility, annually for as long as such storage container remains on site. The public service commission has the authority to order a nuclear storage tax increase. The fund transfer shall be made if nuclear waste is stored in a dry cask at the independent spent-fuel storage facility at such nuclear generating facility for any part of a year. Funds in the account may be expended for development of renewable energy sources specified in section 99-t of the state finance law, as established pursuant to section two of this act; including, but not limited to, reimbursement to counties in the emergency planning zone for emergency costs; development of renewable energy for schools and municipal purposes; and twenty percent for the energy assistance program funds statewide, with a priority for schools and municipal projects. S 2. The state finance law is amended by adding a new section 99-t to read as follows: S 99-T. NEW YORK STATE TAX ON THE DRY CASK STORAGE FUND. 1. THERE IS HEREBY ESTABLISHED IN THE JOINT CUSTODY OF THE STATE COMPTROLLER AND THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL REVENUE FUND TO BE KNOWN AS THE "NEW YORK STATE TAX ON THE DRY CASK STORAGE FUND". 2. THE FUND SHALL CONSIST OF ALL MONIES APPROPRIATED FOR ITS PURPOSE, ALL MONIES REQUIRED BY THIS SECTION OR ANY OTHER PROVISIONS OF LAW TO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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