What's happening
This bill allows retroactive reimbursement of petroleum business tax for highway diesel fuel used in farm production since January 1, 2012.
Why it matters
Farmers can claim refunds for taxes paid on highway diesel used in farm production going back to January 1, 2012. , which could mean significant retroactive financial relief for agricultural businesses that have kept records.
The bill waives the normal "prior clearance" requirement for these retroactive claims. , meaning farmers don't need to have gotten advance approval from the tax department to qualify for reimbursement, as long as they can show proof of purchase and use.
This could incentivize better recordkeeping among farmers and set a precedent for how far back tax relief measures can be applied. , potentially impacting expectations for future tax law changes or amendments in other sectors.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Refund Diesel Tax for Farms
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- 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.
Refund Diesel Tax for Farmers
In Senate Committee · Investigations And Government Operations · Sponsor Kenneth P. LaValle
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
S. 6071 A. 7716
2017-2018 Regular Sessions
SENATE - ASSEMBLY
May 10, 2017
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations
IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Ways and Means
AN ACT to amend part AA of chapter 59 of the laws of 2015, amending the tax law relating to allowing a reimbursement of the petroleum business tax for highway diesel motor fuel used in farm production, in relation thereto
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 2 of part AA of chapter 59 of the laws of 2015, amending the tax law relating to allowing a reimbursement of the petroleum business tax for highway diesel motor fuel used in farm production, is amended to read as follows:
§ 2. This act shall take effect immediately; and shall apply to use or consumption occurring on or after January 1, 2012 and consumers of highway diesel motor fuel shall be entitled to reimbursement of tax paid pursuant to article 13-A of the tax law; provided, however, that the commissioner of taxation and finance shall waive the prior clearance required under subdivision (f) of section 301-c of the tax law for such use or consumption occurring prior to the effective date of this act, as long as such consumers provide documentary proof, sufficient to show that the tax on the highway diesel motor fuel was paid for the exempt use or consumption during the exempt period.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04118-01-7
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.