Bill Text: NY A07166 | 2015-2016 | General Assembly | Amended
Bill Title: Establishes the venison donation tax credit.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2016-02-02 - print number 7166a [A07166 Detail]
Download: New_York-2015-A07166-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 7166--A 2015-2016 Regular Sessions IN ASSEMBLY April 27, 2015 ___________ Introduced by M. of A. WOERNER, RIVERA, THIELE, SCHIMMINGER, CERETTO, GARBARINO, FRIEND, SALADINO, CROUCH, RAIA, LOPEZ, ARROYO, SKOUFIS, BARRETT -- Multi-Sponsored by -- M. of A. BLAKE, COOK, McLAUGHLIN, SIMON -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing the venison donation tax credit 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 (ccc) to read as follows: 3 (ccc) Venison donation tax credit. (1) Allowance of credit. A taxpayer 4 who provides deer to a nonprofit organization for the purposes of veni- 5 son donation shall be allowed a credit, to be computed as provided in 6 paragraph two of this subsection, against the tax imposed by this arti- 7 cle. To qualify for the credit provided in this section, a taxpayer must 8 donate a deer to a nonprofit organization in its entirety provided, 9 however, that such taxpayer may retain the head, neck, antlers, hides 10 and/or hooves of such deer. 11 (2) Amount of credit. The amount of credit shall equal the number of 12 adult deer donated, multiplied by the weight of such deer which in all 13 cases shall be deemed forty-five pounds, multiplied further by the 14 donated venison price. The department of environmental conservation 15 shall annually determine the donated venison price on or before the 16 first day of August. The donated venison price shall be within fifty 17 percent of the total determined by subtracting the average processing 18 cost per pound charged by meat processing facilities from the market 19 price for ground beef provided, however, that in no case shall the 20 donated venison price be less than one dollar and fifty cents per pound. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09492-04-6
