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Sponsors
1 Co-sponsor
History
- Print number 1082a
- Amend and recommit to investigations and government operations
- 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.
Provides a tax credit for farmers who use qualified biodiesel fuel for the sole operation of their farm equipment
In Assembly Committee · Ways And Means · Sponsor Andrew Hevesi
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1082A
Title of bill
An act to amend the tax law, in relation to providing a tax credit to farmers who purchase biodiesel fuel for the operation of their farm equipment
Purpose or general idea of bill
To create incentives for farmers to use homegrown biodiesel for operation of their farm equipment rather than petro-gas.
Summary of specific provisions
Section 1 and 2: Establishes a tax credit of $0.01 per percent of biodiesel per gallon, not to exceed twenty cents per gallon purchased by a taxpayer that is principally engaged in farming.
(b) - Defines Biodiesel and Qualified Biodiesel
(c) - Establishes the application of the credit.
Section 3: is the Effective Date
Justification
Studies have shown that diesel fumes contain particulate matter which can trigger asthma attacks and other respiratory ailments in children and that levels of diesel fumes are up to four times greater inside a bus than ambient levels. Diesel exhaust is classified as a probable human carcinogen by many government authorities including the state attorney general. In addition, dark particles from diesel fuel have been found embedded in glacial ice contributing to rapid melting of polar ice. By giving incentives to farmers to use biodiesel it encourages responsible farming and allows farmers an economic incentive to use such products.
Prior legislative history
06/01/07 Referred to Ways and Means
01/09/08 Referred to Ways and Means
06/19/08 Held for Consideration in Ways and Means
05/06/10 Referred to investigations and Government Operations
S2989C/A7132C of 2011-12; Amend and Recommit to Finance
Fiscal implications
Loss of sales tax revenue.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.