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Bill > S04696
NY S04696
NY S04696Provides that excess investment tax credit amounts may be refundable to operators of a farm operation.
summary
Introduced
03/21/2019
03/21/2019
In Committee
01/08/2020
01/08/2020
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 farm operations to receive a refund for any excess investment tax credit amounts that exceed their tax due, starting from the 2019 tax year. The term "farm operation" is defined as per the Agriculture and Markets Law. The bill amends the Tax Law to provide this new refundability option for farm operators.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/08/2020)
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