What's happening
This bill creates a tax credit for individuals and businesses that recycle bivalve mollusk shells for oyster reef restoration.
Why it matters
Incentivizes environmental stewardship. by offering a monetary reward (up to $1,000 per year) for individuals and businesses that recycle bivalve mollusk shells, encouraging active participation in habitat restoration efforts.
Directly supports oyster reef restoration. , a critical environmental initiative, by requiring that donated shells are used specifically for rebuilding oyster reefs, which improve water quality, provide wildlife habitat, and protect shorelines.
Establishes a state-managed verification system. for shell recycling, ensuring that only shells properly certified by the Department of Environmental Conservation count toward the tax credit, adding accountability and maximizing ecological impact.
Targets both individuals and businesses. , broadening the reach of the program and potentially stimulating new partnerships between restaurants, seafood processors, and conservation organizations in New York.
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Who cares
Headline styles
Tax Credit for Shell Recycling
Plain English, a few words. Used as the page title.
Sponsors
19 Co-sponsors
2 Multi-sponsors
History
- Referred to ways and means
- Print number 655a
- Amend (t) and recommit 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.
Mollusk Shell Recycling Tax Credit
In Senate Committee · Budget And Revenue · Sponsor Jen Metzger
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
655--A
2019-2020 Regular Sessions
IN ASSEMBLY (Prefiled)
January 9, 2019
Introduced by M. of A. L. ROSENTHAL, ZEBROWSKI, FAHY, RIVERA, SIMON, GLICK, D'URSO, ENGLEBRIGHT, THIELE, WEPRIN, RAIA, LENTOL, JACOBSON, STIRPE, FERNANDEZ, ORTIZ, BENEDETTO, CARROLL -- Multi-Sponsored by -- M. of A. FITZPATRICK, NIOU -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the tax law and the environmental conservation law, in relation to establishing a bivalve mollusk 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 54 to read as follows:
54. Bivalve mollusk 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 bivalve mollusk shells. The amount of the credit shall be the lesser of one thousand dollars, or ten cents multiplied by the number of pounds of mollusk 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. In order for a taxpayer to qualify for this credit, the shells shall be donated to an entity or organization permitted by the department of environmental conservation to reuse such shells for the beneficial use of oyster reef restoration.
§ 2. Section 606 of the tax law is amended by adding a new subsection (kkk) to read as follows:
(kkk) Bivalve mollusk 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 bivalve mollusk shells.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00526-05-9
A. 655--A 2
(2) The amount of the credit shall be the lesser of one thousand dollars, or ten cents multiplied by the number of pounds of bivalve mollusk shells certified by the New York state department of environmental conservation.
(3) In order for a taxpayer to qualify for this credit, the shells shall be donated to an entity or organization permitted by the department of environmental conservation to reuse such shells for the beneficial use of oyster reef restoration.
§ 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xlv) to read as follows: (xlv) Bivalve mollusk Amount of credit under subdivision shell recycling credit under fifty-four of section two subsection (kkk) 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. Establish rules and regulations regarding the verification and certification of bivalve mollusk shells returned to the department for recycling pursuant to the bivalve mollusk shell recycling tax credit provided in sections two hundred ten-B and six hundred six of the tax law and for such shells to be reused in the process of oyster reef restoration.
§ 5. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2020.
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.