S04704 Summary:
| BILL NO | S04704 |
| SAME AS | No Same As |
| SPONSOR | KRUEGER |
| COSPNSR | |
| MLTSPNSR | |
| Rpld §28, Tax L | |
| Repeals provisions relating to the biofuel production credit. | |
S04704 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4704 2025-2026 Regular Sessions IN SENATE February 11, 2025 ___________ Introduced by Sen. KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to repeal section 28 of the tax law relating to the biofuel production credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 28 of the tax law, as added by section 1 of part X 2 of chapter 62 of the laws of 2006, is REPEALED. 3 § 2. This act shall take effect on the first of January next succeed- 4 ing the date on which it shall have become a law and shall apply to 5 taxable years beginning on or after such date. Effective immediately, 6 the addition, amendment and/or repeal of any rule or regulation neces- 7 sary for the implementation of this act on its effective date are 8 authorized to be made and completed on or before such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09326-01-5