New York State Assembly

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A07519 Summary:

BILL NO	A07519
SAME AS	SAME AS S01601
SPONSOR	Magee
COSPNSR
MLTSPNSR
Amd S612, Tax L
Allows modifications reducing federal adjusted gross income for purposes of tax on personal income for the purchase and installation of farm waste electric generating equipment on land used in agricultural production.

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A07519 Actions:

BILL NO	A07519
04/14/2009	referred to ways and means
01/06/2010	referred to ways and means

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A07519 Floor Votes:

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A07519 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7519
 
                               2009-2010 Regular Sessions
 
                   IN ASSEMBLY
 
                                     April 14, 2009
                                       ___________
 
        Introduced  by M. of A. MAGEE -- read once and referred to the Committee
          on Ways and Means
 
        AN ACT to amend the tax  law,  in  relation  to  allowing  modifications
          reducing federal adjusted gross income for purposes of tax on personal
          income for the purchase and installation of farm waste electric gener-
          ating equipment
 

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subsection (c) of section 612 of the tax law is amended  by
     2  adding a new paragraph 39 to read as follows:
     3    (39)  An  amount of up to five thousand dollars paid by a taxpayer for
     4  the purchase and installation of farm waste electric  generating  equip-
     5  ment  for  use  on land used in agricultural production. For purposes of
     6  this paragraph, the term  "farm  waste  electric  generating  equipment"
     7  shall  have the same meaning as that term is defined in paragraph (e) of
     8  subdivision one of section four hundred eighty-seven of the real proper-
     9  ty tax law and the term "land used  in  agricultural  production"  shall

    10  have  the  same  meaning  as that term is defined in subdivision four of
    11  section three hundred one of the agriculture and markets law.
    12    § 2. This act shall take effect immediately and shall apply to taxable
    13  years beginning on or after the first of  January  next  succeeding  the
    14  date on which it shall have become a law.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05236-01-9

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