Bill S772A-2011

Sales tax exemption for corn kernel fuel sold for residential heating purposes in a compatible stove

Provides sales tax exemption for corn kernel fuel sold for residential heating purposes in a compatible stove.

Details

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

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.


Text

STATE OF NEW YORK ________________________________________________________________________ 772--A 2011-2012 Regular Sessions IN 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.

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