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NY S00784

Bill

Official Source

Status

Introduced

1/5/2011

Primary Sponsor

John Bonacic

Click for details

Origin

Senate

2009-2010 General Assembly

AI Summary

  • Allows operators of farm operations to receive refundable excess investment tax credits instead of carrying forward unused amounts
  • Enables farm operators to claim refunds for investment tax credit amounts that exceed their tax liability in a given year
  • Applies to taxpayers engaged in qualifying farm operations
  • Provides liquidity relief by converting non-refundable credits into refundable amounts for eligible agricultural businesses

Legislative Description

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

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

1/5/2011

Committee Referrals

Investigations and Government Operations1/5/2011

Full Bill Text

No bill text available