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NY A07469
Bill
Status
Introduced
5/21/2013
Primary Sponsor
Addie Jenne
Click for details
AI Summary
- Amends the tax exemption for biodiesel fuel to apply to all biodiesel blends rather than limiting the exemption to B20 (20% biodiesel blend)
- Expands exemption eligibility to biodiesel imported into New York or produced, refined, manufactured, or compounded in the state by registered petroleum distributors of diesel motor fuel
- Defines biodiesel as fuel comprised exclusively of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats meeting ASTM designation D 6751 standards
- Calculates the tax exemption equal to the percentage of biodiesel per gallon, replacing the previous calculation method of 20 percent of applicable taxes on B20
- Takes effect immediately upon enactment
Legislative Description
Establishes a biodiesel fuel tax exemption.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means5/21/2013
Full Bill Text
No bill text available