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Who cares
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Sponsors
3 Co-sponsors
History
- Referred to investigations and government operations
- Reported and committed to finance
- Referred to investigations and government operations
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.
Allows modifications reducing federal adjusted gross income for income tax purposes for the purchase and installation of farm waste electric generating equipment
In Assembly Committee · Ways And Means · Sponsor William Magee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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, but by creating an end product that is more environmentally sound for the purposes of spreading.
A tax incentive for individual farmers willing to install this technology would allow the use of small-scale digester to spread throughout the state, having a major impact on overall energy usage.
Legislative history
Introduced as S.5502 in 2007.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.