Bill

Bill > A03528


NY A03528

NY A03528
Provides that excess investment tax credit amounts may be refundable to operators of a farm operation.


summary

Introduced
01/29/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
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 farm operations to treat any excess investment tax credit amounts as an overpayment of tax that can be refunded, for tax years beginning on or after January 1, 2019. The term "farm operation" is defined as in the Agriculture and Markets Law. The bill takes effect immediately and is deemed to have been in full force and effect on and after January 1, 2019.

Committee Categories

Budget and Finance

Sponsors (25)

Last Action

referred to ways and means (on 01/08/2020)

bill text


bill summary

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