NY A01301

Allows businesses subject to New York tax liability under Articles 9 or 9-A to claim a local food and products sourcing tax credit against their tax liability.

Defines "local products" as items grown, raised, produced, or manufactured within New York State from inception through final product.

Establishes tax credit amounts based on percentage of net sales attributed to local products: $1,500 (20%), $3,000 (40%), $6,000 (60%), $12,000 (80%), and $25,000 (100%).

Requires businesses claiming the credit to submit a computer-generated report with tax returns that includes producer names, business locations, amounts paid to producers, and units purchased.

Prohibits unused tax credits from being carried forward to future tax years.