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S07438 Summary:

BILL NOS07438
 
SAME ASSAME AS A08483
 
SPONSORKRUEGER
 
COSPNSRBIAGGI, CLEARE, GOUNARDES, HOYLMAN, JACKSON, MAY, MYRIE, RAMOS, REICHLIN-MELNICK, SALAZAR
 
MLTSPNSR
 
Amd 352, 355 & 433, Ec Dev L; amd 66, Pub Serv L; rpld 301-a sub (g) 4, sub (f) 3, 301-c subs (i), (j) & (l), 301-d, 301-e sub (f), 1105 sub (c) 3 sub (xi), 1115 sub (a) 9, amd Tax L, generally; amd 3102-e, Pub Auth L
 
Limits the use of fossil fuels in the research or production of energy for purposes of the excelsior jobs program; prohibits businesses engaged in the production, transmission, distribution, transportation or storage of fossil fuels from participation in the START-UP NY program; eliminates property that directly produces, transmits, distributes, transports or stores fossil fuels from qualifying tangible property for purposes of the investment tax credit and the Brownfield redevelopment tax credit; relates to tax on sales of motor fuel and petroleum products and makes conforming changes; relates to the definition of qualified rehabilitation expenditures for purposes of the tax credit for rehabilitation of historic properties; relates to the definition of a qualified emerging technology company; relates to the definition of manufacturer for purposes of the calculation of special tax benefits for qualified New York manufacturers; repeals provisions relating to manufacturing gallonage for purposes of the imposition of certain taxes; repeals provisions relating to reimbursement; repeals provisions relating to a utility credit or reimbursement; repeals provisions relating to an aviation fuel business which services four or more cities; repeals provisions relating to services rendered with respect to certain property; repeals provisions relating to fuel sold to an airline for use in its airplanes.
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