What's happening
This bill creates a tax credit for individuals and businesses that recycle oyster shells in New York State.
Why it matters
Incentivizes environmental stewardship. By providing a financial reward for recycling oyster shells, the bill encourages individuals and businesses to participate in shell recycling, which supports coastal restoration and marine habitat health.
Caps and oversight guard against abuse. The credit is limited to either $1,000 or ten cents per pound of certified shells, whichever is less, and requires certification by the Department of Environmental Conservation, ensuring only verified recycling efforts are rewarded.
Promotes Department of Environmental Conservation’s role. The bill mandates the creation of rules for verifying and certifying recycled shells, giving the Department a key role in ensuring shells are properly recycled and used, which could improve transparency and program effectiveness.
Potential to boost local economies and sustainability efforts. By making shell recycling more attractive, the bill may encourage restaurants, seafood processors, and other businesses to participate in environmentally beneficial practices that can also contribute to local restoration projects and eco-tourism.
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Who cares
Headline styles
Oyster Shell Recycling Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
10 Co-sponsors
3 Multi-sponsors
History
- Referred to ways and means
- Referred to ways and means
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
584
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law and the environmental conservation law, in relation to establishing an oyster shell recycling tax credit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 210-B of the tax law is amended by adding a new subdivision 52 to read as follows:
52. Oyster shell recycling credit. A taxpayer shall be allowed a credit, to be computed as hereinafter provided against the tax imposed by this article, for the recycling of oyster shells. The amount of the credit shall be the lesser of one thousand dollars, or ten cents multiplied by the number of pounds of oyster shells certified by the New York state department of environmental conservation. The credit allowed under this subdivision for any taxable year shall not reduce the tax due for such year to less than the fixed dollar minimum amount prescribed in paragraph (d) of subdivision one of section two hundred ten of this article.
§ 2. Section 606 of the tax law is amended by adding a new subsection (hhh) to read as follows:
(hhh) Oyster shell recycling credit. (1) A taxpayer shall be allowed a credit, to be computed as hereinafter provided against the tax imposed by this article, for the recycling of oyster shells.
(2) The amount of the credit shall be the lesser of one thousand dollars, or ten cents multiplied by the number of pounds of oyster shells certified by the New York state department of environmental conservation.
§ 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliii) to read as follows:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01941-01-7
A. 584 2
(xliii) Oyster shell recycling Amount of credit under subdivision credit under subsection (hhh) 52 of section two hundred ten-B
§ 4. Subdivision 1 of section 3-0301 of the environmental conservation law is amended by adding a new paragraph ee to read as follows:
ee. The department shall establish rules and regulations regarding the verification, certification, and use of oyster shells returned to the department for recycling for the purposes of the oyster shell recycling tax credit provided in sections two hundred ten-B and six hundred six of the tax law.
§ 5. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2018.
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.