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Who cares
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Sponsors
No co-sponsors yet.
History
- Held for consideration in ways and means
- Print number 5385a
- Amend and recommit to ways and means
- Referred to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to providing a tax credit to businesses for the purchase of emergency electrical generators
In Senate Committee · Investigations And Government Operations · Sponsor Dale M. Volker
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A5385A
Title of bill
An act to amend the tax law, in relation to providing a tax credit to businesses for the purchase of emergency electrical gener- ators
Purpose
This bill would provide a tax credit to taxpayers engaged in the business of selling perishable food items for the purchase of emer- gency electrical generators to prevent the spoilage of food during blackouts and other emergencies-.
Justification
In times of emergency we must be absolutely sure that there is a ready supply of perishable and nonperishable food for the citizens and residents throughout New York State to be able to continue to survive and function. Certainly, a mainstay of that is our grocery stores, bodegas, delis and other facilities that sell perishable food items.
As part of ensuring that food supply mechanism, this bill would allow those taxpayers engaged in the business of selling perishable foods to claim a tax credit for the purchase of electrical generators that are used to prevent spoilage of food items. By doing this we will be making sure that the food stores across New York State are able to ensure that the perishable food items in their coolers remain unharmed and the consumers of this state are able to have access to this food during blackouts or other potential emergency situations.
Legislative history
2008: S.7320/A.8263; 2006: A11829.
Fiscal implications
Undetermined.
Effective date
This act shall take effect on the first of January next succeeding the date on which it shall have become law and shall apply to taxable years commencing on and after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.