New York Senate Bill 7438 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 13-0)
Status: Introduced on October 14 2021 - 25% progression, died in committee
Action: 2022-01-05 - REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
Pending: Senate Commerce, Economic Development and Small Business Committee
Text: Latest bill text (Introduced) [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.

Sen. Liz Krueger [D]	Sen. Alessandra Biaggi [D]	Sen. Cordell Cleare [D]	Sen. Andrew Gounardes [D]
Sen. Brad Hoylman-Sigal [D]	Sen. Robert Jackson [D]	Sen. Rachel May [D]	Sen. Zellnor Myrie [D]
Sen. Jessica Ramos [D]	Sen. Elijah Reichlin-Melnick [D]	Sen. Gustavo Rivera [D]	Sen. Julia Salazar [D]
Sen. Toby Stavisky [D]

Date	Chamber	Action
2022-01-05	Senate	REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
2021-10-14	Senate	REFERRED TO RULES

A08483 (Same As) 2022-01-05 - referred to economic development

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2021/S7438
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S07438&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07438