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Sponsors
3 Co-sponsors
History
- Referred to investigations and government operations
- 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.
Provides for pollution tax credits for the purchase of certain machinery or equipment for the reduction of pollution made by dry cleaning businesses
In Assembly Committee · Ways And Means · Sponsor Steven Englebright
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2927
Title of bill
An act to amend the tax law, in relation to pollution tax credits for the purchase of certain equipment made by dry cleaning businesses
Purpose
To reduce costs for small dry cleaning businesses faced with disproportionately expensive environmental compliance costs by giving these businesses a sales tax exemption for the purchase of pollution prevention or control equipment.
Summary of provisions
Amends various sections of the tax law to provide a sales tax exemption to dry cleaners for the purchase of equipment or machinery certified by the Department of Environmental Conservation that is used primarily to control, prevent or abate pollution or contaminants from their operations.
Justification
A State sales tax exemption for the purchase of pollution prevention or control equipment for dry cleaners is appropriate because the public directly benefits for an avoidance of damages to human health by reduced or avoided pollution.
Legislative history
2009-10: S.4420 - Referred to Investigations and Government Operations
Fiscal implications
There will be limited financial impacts from the bill due to the reduced income from sales tax on pollution prevention/reduction equipment. However, this is offset significantly by the avoided costs of adverse human health impacts.
Effective date
This act shall take effect three years after it shall have become law and applies to taxable years ending on or after such date, except that section one of this act shall take effect on the first day of the sales tax quarterly period, as designated in subdivision (b) of section 1136 of the tax law, next commencing on or after the effective date of this act and shall apply to sales made on or after the effective date of section one of this act and shall apply to all equipment or machinery purchased on or after such date although purchased under a prior contract.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.