Bill Text: NY S04946 | 2015-2016 | General Assembly | Amended


Bill Title: Creates a vending to food pantries and soup kitchens tax credit.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Engrossed - Dead) 2016-01-21 - PRINT NUMBER 4946A [S04946 Detail]

Download: New_York-2015-S04946-Amended.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                         4946--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                     April 24, 2015
                                       ___________
        Introduced  by Sens. COMRIE, MONTGOMERY -- read twice and ordered print-
          ed, and when printed to be committed  to  the  Committee  on  Investi-
          gations  and  Government Operations -- recommitted to the Committee on
          Investigations and Government Operations  in  accordance  with  Senate
          Rule 6, sec. 8 -- reported favorably from said committee and committed
          to  the  Committee  on  Finance -- committee discharged, bill amended,
          ordered reprinted as amended and recommitted to said committee
        AN ACT to amend the tax law, in relation to creating a vending  to  food
          pantries and soup kitchens tax credit
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 210-B of the tax law is amended  by  adding  a  new
     2  subdivision 28 to read as follows:
     3    28.  Vending to food pantry and soup kitchen tax credit. (a) Taxpayers
     4  who operate farms in the state of New York and sell fruits  and  vegeta-
     5  bles  grown in New York to food pantries and soup kitchens may claim the
     6  vending to food pantry and soup  kitchen  tax  credit  against  the  tax
     7  imposed  by this article at the close of the tax year provided, however,
     8  that the unused portion of any tax credit claimed shall not  be  carried
     9  forward and applied to another tax year.
    10    (b)  The  amount  of  the credit shall be fifty percent of the revenue
    11  earned by the farmer from the sale of fruits and vegetables grown in New
    12  York to food pantries and soup kitchens.
    13    (c) Taxpayers claiming the vending to food pantry and soup kitchen tax
    14  credit shall submit copies of the sales receipts with tax  returns  that
    15  claim a tax credit.
    16    §  2. Section 606 of the tax law is amended by adding a new subsection
    17  (ccc) to read as follows:
    18    (ccc) Vending to food pantry  and  soup  kitchen  tax  credit.  (1)  A
    19  taxpayer shall be allowed a credit against the tax imposed by this arti-
    20  cle  for  revenue  earned  by vending fruits and vegetables grown in New
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10554-03-6
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