What's happening
This bill creates a venison donation tax credit for individuals and meat processors who donate or process deer for nonprofit organizations.
Why it matters
Encourages deer population management and reduces waste. by providing a financial incentive for hunters to donate whole deer (excluding trophy parts) to nonprofit organizations, turning surplus or nuisance deer into valuable food resources instead of letting meat go unused.
Supports food assistance programs. by making it more affordable for both individuals and meat processors to supply venison to nonprofits, potentially increasing the availability of lean, high-protein meat for food banks and other charitable groups serving those in need.
Offsets costs for meat processors. through a new deduction, potentially motivating more processors to participate in venison donation programs, which can sometimes be limited by the costs of processing, inspection, and compliance.
Establishes a clear, annually updated valuation method. for donated venison, ensuring the tax credit reflects current market conditions and processing costs, and sets a minimum value to maintain a meaningful incentive for donors.
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Who cares
Headline styles
Create Venison Donation Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
15 Co-sponsors
4 Multi-sponsors
History
- Print number 497a
- 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.
Give Tax Credit for Venison
In Senate Committee · Investigations And Government Operations · Sponsor Patrick M. Gallivan
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
497--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. WOERNER, RIVERA, THIELE, SCHIMMINGER, GARBARINO, FRIEND, CROUCH, RAIA, ARROYO, SKOUFIS, BARRETT, RA, DiPIETRO, PALUMBO, PALMESANO, HAWLEY -- Multi-Sponsored by -- M. of A. BLAKE, COOK, McDO- NOUGH, SIMON -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to establishing the venison donation tax credit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows:
(ccc) Venison donation tax credit. (1) Allowance of credit. A taxpayer who provides deer to a nonprofit organization for the purposes of venison donation shall be allowed a credit, to be computed as provided in paragraph two of this subsection, against the tax imposed by this article. To qualify for the credit provided in this section, a taxpayer must donate a deer to a nonprofit organization in its entirety provided, however, that such taxpayer may retain the head, neck, antlers, hides and/or hooves of such deer.
(2) Amount of credit. The amount of credit shall equal the number of adult deer donated, multiplied by the weight of such deer which in all cases shall be deemed forty-five pounds, multiplied further by the donated venison price. The department of environmental conservation shall annually determine the donated venison price on or before the first day of August. The donated venison price shall be within fifty percent of the total determined by subtracting the average processing cost per pound charged by meat processing facilities from the market price for ground beef provided, however, that in no case shall the donated venison price be less than one dollar and fifty cents per pound.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00233-03-8
A. 497--A 2
(3) Application of credit. If the amount of the credit allowed under this subsection for any taxable year shall exceed the taxpayer's tax for such year, the excess shall be treated as an overpayment of tax to be credited or refunded in accordance with the provisions of section six hundred eighty-six of this article, provided, however, that no interest shall be paid thereon.
§ 2. Paragraph (a) of subdivision 1 of section 210 of the tax law is amended by adding a new subparagraph (x) to read as follows:
(x) In computing the business income base, a taxpayer which is a meat processing facility shall be allowed a deduction equal to the amount of any income received from a nonprofit organization in exchange for processing venison.
§ 3. Subsection (c) of section 612 of the tax law is amended by adding a new paragraph 44 to read as follows:
(44) The amount of any income received from a nonprofit organization in exchange for processing venison.
§ 4. This act shall take effect immediately and shall apply to all taxable years beginning on and after January 1, 2019.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.