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NY A04719
Bill
Status
2/5/2009
Primary Sponsor
Marc Alessi
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AI Summary
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Eliminates state sales and compensating use taxes on biodiesel products produced, processed, and/or distributed in New York State that meet EPA registration requirements and ASTM D6751-02A standards
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Allows sellers to exclude taxes from selling prices and claim refunds or credits for taxes paid on biodiesel, with claims subject to commissioner approval and regulations
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Permits sellers who absorb more than 20% of taxes (passing through 80% or less to purchasers) to claim refunds or credits for the excess amount paid
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Authorizes cities with populations of one million or more to adopt resolutions exempting biodiesel from local sales taxes, with exemptions taking effect immediately upon enactment
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Requires local laws, ordinances, and resolutions to omit the biodiesel exemption unless the city, county, or school district elects otherwise
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Takes effect April 1, 2010
Legislative Description
An act to amend the tax law, in relation to eliminating state sales and compensating use taxes on bio diesel products produced, processed and/or distributed in New York state and authorizing localities to eliminate such taxes at the local level
Last Action
held for consideration in ways and means
7/1/2010