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NY S08303

Bill

Official Source

Status

Introduced

6/22/2010

Primary Sponsor

Joseph Griffo

Click for details

Origin

Senate

2009-2010 General Assembly

AI Summary

  • Amends Tax Law Section 301-b to establish a biodiesel tax exemption for fuel imported into or produced in New York by registered petroleum distributors
  • Changes exemption calculation from 20 percent of applicable taxes on B20 blends to $0.01 per percent of biodiesel per gallon, capped at $0.20 per gallon
  • Defines "biodiesel" as mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats (B100) meeting American Society of Testing and Materials specification D 6751
  • Takes effect immediately but exemption will be repealed when the underlying paragraph 7 of Tax Law Section 301-b is repealed

Legislative Description

Establishes a biodiesel fuel tax exemption.

Last Action

REFERRED TO RULES

6/22/2010

Committee Referrals

Rules6/22/2010

Full Bill Text

No bill text available