Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to investigations and government operations |
Mar 09, 2011 |
referred to investigations and government operations |
Senate Bill S3906
2011-2012 Legislative Session
Sponsored By
(R) 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
2011-S3906 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1209
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยงยง210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2919, A2806
2013-2014: S3475, A4574
2015-2016: A5422
2017-2018: A4570
2019-2020: A3473
2011-S3906 (ACTIVE) - Summary
Provides a credit against personal income tax and corporate franchise tax for wine bottling, packaging and labelling expenses of wineries licensed pursuant to certain provisions of the alcoholic beverage control law; allows any amount of credit not deducted in a tax year to be carried over to the following tax year or years.
2011-S3906 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3906 TITLE OF BILL: An act to amend the tax law, in relation to providing for a credit against the personal income tax and the franchise tax on corporations for certain bottling, packaging and labelling expenses of wineries PURPOSE OR GENERAL IDEA OF BILL: To alleviate the financial burden upon the wine industry by New York State subsidizing part of the cost of wine making. SUMMARY OF SPECIFIC PROVISIONS: Section 210 of the tax law is amended by adding subdivision 18(a). Tax Law Section 606 is amended by adding a new subsection (ss). JUSTIFICATION: The major wine producing countries, Spain, France, Portugal, Italy, and Germany all provide the cases, the labels, the corks and bottles as a subsidy to their wine industry. For that reason, those nations can ship to this country wines which are able to sell at an average of between $2.60 and $3.00 a bottle less than New York State wines. A New York State tax credit would enable New York State vintners to compete nationally and internationally in this
2011-S3906 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3906 2011-2012 Regular Sessions I N S E N A T E March 9, 2011 ___________ Introduced by Sen. LAVALLE -- 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 for a credit against the personal income tax and the franchise tax on corporations for certain bottling, packaging and labelling expenses of wineries THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 18-a to read as follows: 18-A. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO THE AMOUNT ACTUALLY EXPENDED ON AND AFTER JANU- ARY FIRST, TWO THOUSAND TWELVE FOR CASES, BOTTLES, CARAFES OR OTHER CONTAINERS IN WHICH WINE PRODUCED FOR RESALE IS PACKAGED AND FOR CORKS AND LABELS USED IN AND ON SUCH CONTAINERS; PROVIDED SUCH TAXPAYER IS LICENSED AS A WINERY PURSUANT TO THE PROVISIONS OF SECTION SEVENTY-SIX OF THE ALCOHOLIC BEVERAGE CONTROL LAW. (B) IN NO EVENT SHALL THE CREDIT HEREIN PROVIDED FOR BE ALLOWED IN AN AMOUNT WHICH WILL REDUCE THE TAX PAYABLE TO LESS THAN THE MINIMUM FIXED BY PARAGRAPH (D) OF SUBDIVISION ONE OF THIS SECTION. IF, HOWEVER, THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT NOT DEDUCTIBLE IN SUCH TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS AND MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS. S 2. Section 606 of the tax law is amended by adding a new subsection (ss) to read as follows: (SS) (1) A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO THE AMOUNT ACTUALLY EXPENDED ON AND AFTER JANU- ARY FIRST, TWO THOUSAND TWELVE FOR CASES, BOTTLES, CARAFES OR OTHER CONTAINERS IN WHICH WINE PRODUCED FOR RESALE IS PACKAGED AND FOR CORKS AND LABELS USED IN AND ON SUCH CONTAINERS; PROVIDED SUCH TAXPAYER IS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05187-01-1
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.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.