Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 09, 2014 |
referred to investigations and government operations |
Senate Bill S7281
2013-2014 Legislative Session
Sponsored By
(D, WF) Senate District
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
Actions
co-Sponsors
(D, WF) 47th Senate District
2013-S7281 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A892
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §171-r, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A10385
2015-2016: S304, A383
2013-S7281 (ACTIVE) - Summary
Relates to supplemental brownfield credit reporting; requires a supplemental brownfield credit report containing the information required in the brownfield credit report, regarding the credits claimed for the years two thousand five, two thousand six, and two thousand seven.
2013-S7281 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7281 TITLE OF BILL: An act to amend the tax law, in relation to supplemental brownfield credit reporting PURPOSE OR GENERAL IDEA OF BILL: The purpose of this legislation is to require the New York State Department of Tax and Finance, along with the Department of Environmental Conservation, to publish a supplemental brownfield credit report regarding for the years 2005, 2006 and 2007. SUMMARY OF SPECIFIC PROVISIONS: Section 171-r of the tax law is amended by adding a new subdivision (e). JUSTIFICATION: Tax credits offered as part of the Brownfield Cleanup Program encourage the private sector to clean up sites that are contaminated by hazardous waste, petroleum or other contaminants. Developers become eligible to apply for these tax credits upon successfully completing the cleanup. Although the first tax credits under the program were claimed in 2005, the department did not begin reporting data on these tax credits until 2008. Therefore, this legislation would require the Department of Tax and Finance, in consultation with the Department of Environmental Conservation, to publish a supplemental credit report detailing tax credits data for years 2005, 2006 and 2007.
2013-S7281 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7281 I N S E N A T E May 9, 2014 ___________ Introduced by Sen. ESPAILLAT -- 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 supplemental brownfield credit reporting THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 171-r of the tax law is amended by adding a new subdivision (e) to read as follows: (E) THE COMMISSIONER, IN CONSULTATION WITH THE COMMISSIONER OF ENVI- RONMENTAL CONSERVATION, SHALL PUBLISH NO LATER THAN ONE YEAR AFTER THIS SUBDIVISION SHALL TAKE EFFECT, A SUPPLEMENTAL BROWNFIELD CREDIT REPORT CONTAINING THE INFORMATION REQUIRED BY THIS SECTION REGARDING THE CRED- ITS CLAIMED FOR THE YEARS TWO THOUSAND FIVE, TWO THOUSAND SIX, AND TWO THOUSAND SEVEN. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05204-01-3
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