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Sponsors
Senator · Senate District 45
3 Co-sponsors
History
- Substituted by A7106
- Advanced to third reading
- 2nd report cal.
- 1st report cal.747
- 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.
Exempts brewers who produce less than 60,000 barrels of beer a year from the requirement to file annual information returns with the department of taxation and finance
Signed by Governor · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4282
Title of bill
An act to amend the tax law, in relation to exempting brewers that produce less than sixty thousand barrels of beer a year from the requirement to file annual information returns
Purpose
Exempts brewers who produce less than 60,000 barrels of beer a year from the requirement to file annual information returns with the department of taxation and finance.
Summary of provisions
Section one amends the subparagraph ( C ) of paragraph 1 of subdivision (i) of section 1136 of the tax law to exempt brewers who produce less than 60,000 barrels a year from the requirement to file annual information returns with the department of taxation and finance.
Existing law
Under current law farm brewers who are also limited by the same capacity as micro-breweries are exempt from this reporting requirement.
Justification
Micro-breweries and farm breweries are both limited under their licenses to 60,000 barrels per year, however, farm breweries are exempt from this reporting requirement and micro-breweries are not. Sales under this provision make up a very small amount of the total beer sales in the state as most of the beer these breweries produce are already being accounted for by sales through distributors. These small breweries are not equipped to handle this type of data collection and submittal and it is a tremendous burden on these small businesses.
This legislation aims to treat micro-breweries and farm-breweries the same.
Legislative history
New Bill
Fiscal implications
To be determined
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.