Bill Text: NY S06294 | 2015-2016 | General Assembly | Introduced

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Bill Title: Provides a tax credit to taxpayers who grow the base ingredients necessary for the production of beer.

Sponsorship: Moderate Partisan Bill (Democrat 5-1)

Status: (Introduced - Dead) 2016-06-02 - REPORTED AND COMMITTED TO FINANCE [S06294 Detail]

Download: New_York-2015-S06294-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6294
                    IN SENATE
                                       (Prefiled)
                                     January 6, 2016
                                       ___________
        Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation to providing a tax incentive to
          a taxpayer that grows base ingredients used for the production of beer
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. The tax law is amended by adding a new section 37-a to read
     2  as follows:
     3    § 37-a. Supplier of beer production ingredients tax credit. (a) Gener-
     4  al. A taxpayer subject to tax under article nine-A or twenty-two of this
     5  chapter shall be allowed a credit against such taxes in the amount spec-
     6  ified  in subdivision (b) of this section and pursuant to the provisions
     7  referenced in subdivision (c) of this section.
     8    (b)(1) The amount of the credit per taxpayer per taxable year (or  pro
     9  rata share of earned credit in the case of a partnership) shall be equal
    10  to  the  cost  borne by such taxpayer for the agricultural production of
    11  ingredients necessary for the  production  of  beer.  Such  costs  shall
    12  include  the cost of seed, fertilizer, equipment, utilities, and employ-
    13  ees' salaries.
    14    (2) The credit allowed under this section shall only be applicable  to
    15  that portion of a taxpayer's crop that is sold directly to a distributor
    16  registered under article eighteen of this chapter.
    17    (3) The credit allowed under this section shall only apply to the base
    18  ingredients  necessary to produce beer. This credit shall not be allowed
    19  for any ingredient or product that is used for  the  purpose  of  adding
    20  flavor, color, or altering some other characteristic of the beer.
    21    (c)  Cross-references.  For  application of the credit provided for in
    22  this section, see the following provisions of this chapter:
    23    (1) Article 9-A: Section 210-B, subdivision 51.
    24    (2) Article 22: Section 606, subsections (i) and (eee).
    25    § 2. Section 210-B of the tax law is amended by adding a new  subdivi-
    26  sion 51 to read as follows:
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13163-01-5