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Bill > S00922
NY S00922
NY S00922Provides that excess investment tax credit amounts may be refundable to operators of a farm operation.
summary
Introduced
01/09/2019
01/09/2019
In Committee
01/09/2019
01/09/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing that excess investment tax credit amounts may be refundable to operators of a farm operation The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill allows operators of a farm operation to treat any excess investment tax credit amounts as an overpayment of tax, which can be refunded in accordance with the provisions of the tax law. The bill defines a "farm operation" as having the same meaning as in the Agriculture and Markets Law. The provisions of the bill apply to taxable years beginning on or after January 1, 2019, and the bill takes effect immediately.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
RECOMMIT, ENACTING CLAUSE STRICKEN (on 03/20/2019)
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