What's happening
This bill creates a personal income tax credit for farmers who replace concord grapevines in New York, effective January 1, 2019.
Why it matters
Supports the financial stability of New York farmers. by directly offsetting the costs of replacing aging or unproductive concord grapevines, a staple crop in certain regions of the state.
Applies specifically to farmers who receive at least two-thirds of their income from farming. , ensuring the benefit is targeted at those most dependent on agriculture for their livelihood.
Provides a refundable tax credit. , meaning that if the credit exceeds the farmer’s tax liability, the excess is paid out as a refund—maximizing the cash flow benefit to eligible farmers.
Aims to encourage long-term investment in vineyard productivity and sustainability. , potentially helping the local grape and juice industries stay competitive and supporting rural economies.
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Who cares
Headline styles
Tax Credit for Replacing Grapevines
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Referred to investigations and government operations
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
927
2019-2020 Regular Sessions
IN SENATE
January 9, 2019
Introduced by Sens. YOUNG, FUNKE, RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations
AN ACT to amend the tax law, in relation to establishing a grapevine replacement personal income 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 (jjj) to read as follows:
(jjj) Grapevine replacement tax credit. (1) Allowance of credit. A taxpayer whose federal gross income from farming for the taxable year is at least two-thirds of excess federal gross income shall be allowed a credit against the tax imposed by this article for the replacement of grapevines of any concord variety for taxable years beginning on or after January first, two thousand nineteen. The amount of the credit shall be equal to the sum of the cost of grapevines that are purchased and planted for the purpose of replacing grapevines of any concord variety. This credit shall not apply to grapevines of any concord variety.
(2) Application of credit. If the amount of the credit allowed under this subsection for any taxable years 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. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03025-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing a grapevine replacement personal income tax credit
Purpose
This bill establishes a refundable personal income tax credit to farmers for the cost of replacing Concord grapevines with a new grape variety.
Summary of provisions
Section 606 of the Tax Law is amended to allow for a refundable personal income tax credit to farmers for the cost of grapevines that are replac- ing existing Concord grapevines, provided that the new grapevines are not of any Concord variety.
Justification
This legislation was created to encourage the planting of new grape varieties in response to New York's evolving grape and wine market. Many New York grape producers have built their businesses on the native Concord grape which is used in juices; jellies and other food products. Concord grape growers are currently experiencing a severe glut in national grape juice concentrate markets, due to overproduction in Cali- fornia, and are seeking innovative ways to continue farming. With a growing interest and national demand for New York wines, grape growers are turning to vinifera grapes and other high-quality hybrid varieties which offer consistent fruit quality and production. This legislation provides an incentive for farmers to pursue this costly but worthwhile investment to help diversify grape acreage and remain competitive in the global marketplace.
Legislative history
2018: S.455-A Referred to Investigations and Government Operations 2017: S.455 Referred to Investigations and Government Operations 2016: S.3074-A Referred to Investigations and Government Operations 2015: S.3074 Referred to Investigations and Government Operations 2013, 2014: 5.2682-A Referred to Investigations and Government Oper- ations 2011, 2012: S.776 Referred to Investigations and Government Operations 2009, 2010: S.2487 Referred to Investigations and Government Operations 2007, 2008: S.2774/A.5374 Referred to Investigations and Government Operations 2006: S.7235/A.11539 Referred to Investigations and Government Oper- ations
Fiscal implications
Undetermined at this time.
Effective date
Effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.