Senate Bill S3475

2013-2014 Legislative Session

Provides credit against personal income tax and corporate franchise tax for wine bottling, packaging and labelling expenses of wineries

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S3475 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2919
2011-2012: S3906

2013-S3475 (ACTIVE) - Summary

Provides a credit against personal income tax and corporate franchise tax for wine bottling, packaging and labelling expenses of wineries licensed pursuant to certain provisions of the alcoholic beverage control law; allows any amount of credit not deducted in a tax year to be carried over to the following tax year or years.

2013-S3475 (ACTIVE) - Sponsor Memo

2013-S3475 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3475

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 4, 2013
                               ___________

Introduced  by  Sen. LAVALLE -- 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  for  a  credit
  against  the personal income tax and the franchise tax on corporations
  for certain bottling, packaging and labelling expenses of wineries

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  210  of  the  tax law is amended by adding a new
subdivision 18-a to read as follows:
  18-A. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED
BY THIS ARTICLE EQUAL TO THE AMOUNT ACTUALLY EXPENDED ON AND AFTER JANU-
ARY FIRST, TWO THOUSAND FOURTEEN FOR CASES, BOTTLES,  CARAFES  OR  OTHER
CONTAINERS  IN  WHICH WINE PRODUCED FOR RESALE IS PACKAGED AND FOR CORKS
AND LABELS USED IN AND ON SUCH CONTAINERS;  PROVIDED  SUCH  TAXPAYER  IS
LICENSED  AS  A WINERY PURSUANT TO THE PROVISIONS OF SECTION SEVENTY-SIX
OF THE ALCOHOLIC BEVERAGE CONTROL LAW.
  (B) IN NO EVENT SHALL THE CREDIT HEREIN PROVIDED FOR BE ALLOWED IN  AN
AMOUNT  WHICH WILL REDUCE THE TAX PAYABLE TO LESS THAN THE MINIMUM FIXED
BY PARAGRAPH (D) OF SUBDIVISION ONE OF THIS SECTION.   IF, HOWEVER,  THE
AMOUNT  OF  CREDIT ALLOWABLE UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR
REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT NOT  DEDUCTIBLE  IN
SUCH TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS AND
MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
  S  2. Section 606 of the tax law is amended by adding a new subsection
(vv) to read as follows:
  (VV) (1) A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX  IMPOSED
BY THIS ARTICLE EQUAL TO THE AMOUNT ACTUALLY EXPENDED ON AND AFTER JANU-
ARY  FIRST,  TWO  THOUSAND FOURTEEN FOR CASES, BOTTLES, CARAFES OR OTHER
CONTAINERS IN WHICH WINE PRODUCED FOR RESALE IS PACKAGED AND  FOR  CORKS
AND  LABELS  USED  IN  AND ON SUCH CONTAINERS; PROVIDED SUCH TAXPAYER IS

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05912-02-3
              

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