S772A-2011 Actions

• Jan 4, 2012: REFERRED TO ENERGY AND TELECOMMUNICATIONS
• Jan 21, 2011: PRINT NUMBER 772A
• Jan 21, 2011: AMEND (T) AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS
• Jan 5, 2011: REFERRED TO ENERGY AND TELECOMMUNICATIONS

S772A-2011 Memo

BILL NUMBER:S772A

TITLE OF BILL:
An act
to amend the tax law, in relation to exempting corn fuel from sales
and compensating use taxes

PURPOSE:
This bill provides that corn fuel sold for residential heating
purposes would be exempt from sales and compensating use taxes.

SUMMARY OF PROVISIONS:
Amends subdivision (a) of section 1115 of the tax law to add a new
paragraph 44 to include corn fuel sold for residential heating
purposes in a compatible fuel appliance.

JUSTIFICATION:
Home heating fuels such as natural gas, fuel oil, propane, and wood
pellets are currently exempt from the state sales tax. Shelled kernel
corn, which is an alternative fuel option for home heating, should
therefore also be exempt from the state sales tax. With energy costs
at record highs, it is important to better facilitate the use of
alternative heating sources. Exempting corn heating fuel from sales
and compensating use tax, as provided by this bill, shall serve as an
incentive to offer corn as another option for alternative home
heating fuel.

LEGISLATIVE HISTORY:
2009-2010: S.2488 Reported to Finance
2007-2008: S.5578/A.1785 Reported to Finance

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect on the first day of a sales tax quarterly
period, as described in subdivision (b) of section 1136 of the tax
law; next commencing at least 60 days after this act shall have
become a law.

S772A-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 772--A
 2011-2012 Regular Sessions
 I N  SENATE
 (PREFILED)
 January 5, 2011
 
 Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
 printed to be committed to the Committee on  Energy  and  Telecommuni
 cations  --  committee  discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee
 

AN ACT to amend the tax law, in relation to  exempting  corn  fuel  from
 sales and compensating use taxes
 

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

 

Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
 by adding a new paragraph 44 to read as follows:

 (44) KERNEL CORN SOLD WITH THE INTENDED USE AS A FUEL SOURCE FOR RESI
 DENTIAL  HEATING  PURPOSES  AND  DRIED  TO A MOISTURE CONTENT THAT WOULD
 ALLOW USE IN A COMPATIBLE FUEL APPLIANCE.
 

S 2. This act shall take effect on the first day of a sales tax  quar
 terly period, as described in subdivision (b) of section 1136 of the tax
 law, next commencing at least 60 days after this act shall have become a
 law.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03449-02-1

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