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NY A06999
Bill
Status
Introduced
4/7/2011
Primary Sponsor
Addie Jenne
Click for details
AI Summary
- Amends Tax Law Section 301-b to establish a biodiesel tax exemption for fuel imported into or produced in New York State by registered petroleum distributors of diesel motor fuel
- Changes calculation of exemption from a partial 20% exemption on B20 blends to a full exemption equal to the percent of biodiesel 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, subject to repeal of the paragraph when the underlying 2006 law provision expires
- Applies only to biodiesel sold by the petroleum business that imported or produced it
Legislative Description
Establishes a biodiesel fuel tax exemption.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means4/7/2011
Full Bill Text
No bill text available