Bill Text: NY A01348 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the tax law, in relation to establishing a personal income tax credit for costs incurred for the purpose of recycling electronic equipment

Spectrum: Slight Partisan Bill (Democrat 9-3)

Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A01348 Detail]

Download: New_York-2009-A01348-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1348
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced  by  M. of A. COLTON, ENGLEBRIGHT -- Multi-Sponsored by -- M.
         of A. COOK, CYMBROWITZ, DelMONTE, GALEF, JOHN, KOLB, MORELLE  --  read
         once and referred to the Committee on Ways and Means
       AN  ACT  to  amend  the  tax law, in relation to establishing a personal
         income tax credit for costs incurred  for  the  purpose  of  recycling
         electronic equipment
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
    2  subsection (qq) to read as follows:
    3    (QQ)  CREDIT FOR RECYCLING ELECTRONIC EQUIPMENT.  (1) GENERAL. A RESI-
    4  DENT TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY  THIS
    5  ARTICLE  FOR  ANY  FEES  IMPOSED BY A RECYCLER FOR THE ACCEPTANCE OF ANY
    6  ELECTRONIC EQUIPMENT SURRENDERED BY SUCH TAXPAYER.
    7    (2) DEFINITION. FOR  THE  PURPOSES  OF  THIS  SUBSECTION,  "ELECTRONIC
    8  EQUIPMENT" SHALL MEAN APPLIANCES THAT CONTAIN COMPLEX CIRCUITRY, CIRCUIT
    9  BOARDS  OR  SIGNAL  PROCESSING, AND ONE OR MORE HAZARDOUS ELEMENTS. SUCH
   10  TERM SHALL INCLUDE, BUT NOT BE LIMITED TO, TELEVISIONS, AUDIO AND  STER-
   11  EO-EQUIPMENT,  MONITORS,  COMPUTERS,  VIDEO CASSETTE RECORDERS, COMPUTER
   12  KEYBOARDS, PRINTERS, TELEPHONES, COPY AND FACSIMILE MACHINES, AND MICRO-
   13  WAVES.
   14    S 2. This act shall take effect immediately and shall apply to taxable
   15  years commencing after such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01365-01-9