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