New York Assembly Bill 7949

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Spectrum: Partisan Bill (Democrat 31-0)
Status: Introduced on August 18 2023 - 25% progression
Action: 2024-01-03 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Amended) [HTML]

Limits the use of fossil fuels in the research or production of energy for purposes of the excelsior jobs program; prohibits businesses engaged in the production, transmission, distribution, transportation or storage of fossil fuels from participation in the START-UP NY program; eliminates property that directly produces, transmits, distributes, transports or stores fossil fuels from qualifying tangible property for purposes of the investment tax credit and the Brownfield redevelopment tax credit; relates to tax on sales of motor fuel and petroleum products and makes conforming changes; relates to the definition of qualified rehabilitation expenditures for purposes of the tax credit for rehabilitation of historic properties; relates to the definition of a qualified emerging technology company; relates to the definition of manufacturer for purposes of the calculation of special tax benefits for qualified New York manufacturers; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.

Limits the use of fossil fuels in the research or production of energy for purposes of the excelsior jobs program; prohibits businesses engaged in the production, transmission, distribution, transportation or storage of fossil fuels from participation in the START-UP NY program; eliminates property that directly produces, transmits, distributes, transports or stores fossil fuels from qualifying tangible property for purposes of the investment tax credit and the Brownfield redevelopment tax credit; relates to tax on sales of motor fuel and petroleum products and makes conforming changes; relates to the definition of qualified rehabilitation expenditures for purposes of the tax credit for rehabilitation of historic properties; relates to the definition of a qualified emerging technology company; relates to the definition of manufacturer for purposes of the calculation of special tax benefits for qualified New York manufacturers; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.

Asm. Jo Simon [D]	Asm. Anna Kelles [D]	Asm. Dana Levenberg [D]	Asm. Rebecca Seawright [D]
Asm. Steve Stern [D]	Asm. Jessica Gonzalez-Rojas [D]	Asm. Maryjane Shimsky [D]	Asm. Emily Gallagher [D]
Asm. Didi Barrett [D]	Asm. Linda Rosenthal [D]	Asm. Fred Thiele [D]	Asm. Juan Ardila [D]
Asm. Harvey Epstein [D]	Asm. Tony Simone [D]	Asm. Chantel Jackson [D]	Asm. Albert Stirpe [D]
Asm. Andrew Hevesi [D]	Asm. Deborah Glick [D]	Asm. Phara Souffrant Forrest [D]	Asm. Karines Reyes [D]
Asm. Ron Kim [D]	Asm. Phillip Steck [D]	Asm. Sarahana Shrestha [D]	Asm. Jeffrey Dinowitz [D]
Asm. Rodneyse Bichotte Hermelyn [D]	Asm. Inez Dickens [D]	Asm. William Colton [D]	Asm. Christopher Burdick [D]
Asm. Yudelka Tapia [D]	Asm. Steven Raga [D]	Asm. Maritza Davila [D]

Date	Chamber	Action
2024-01-03	Assembly	referred to economic development
2023-09-22	Assembly	print number 7949a
2023-09-22	Assembly	amend (t) and recommit to economic development
2023-08-18	Assembly	referred to economic development

S03389 (Same As) 2024-01-03 - REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2023/A7949
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A07949&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07949
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A07949&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07949A