New York S 9544: Authorizes the empire state development corporation to pause, toll or temporarily halt the Columbia University Education Mixed-Use Development Land Use Improvement and Civic Project Modified General Project Plan
Status: REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS (as of 2024-05-16)
State: New York · Session: 2023-2024 · Bill: S 9544
Sponsors: Cordell Cleare
Bill Text
Bill Search and Legislative Information | New York State Assembly • • • • • • • • Skip to main content New York State Assembly Speaker Carl E. Heastie --> --> --> • Assembly Members • Legislative Info • Public Hearings • Speaker's Press • Assembly Reports • Committees & More • Bill Search Home • Laws • Legislative Calendar • Public Hearing Schedule • Assembly Calendars • Assembly Committee Agenda Javascript must be enabled to properly view this page. Bill No.: • Summary • Actions • Committee Votes • Floor Votes • Memo • Text • LFIN • Chamber Video/Transcript S09544 Summary: BILL NOS09544   SAME ASNo Same As   SPONSORHARCKHAM   COSPNSR   MLTSPNSR   Amd §§28, 187-c, 210-B & 606, Tax L   Modifies the biofuel production credit from ethanol to renewable diesel and renewable hydrocarbon diesel. Go to top S09544 Actions: BILL NOS09544   03/23/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS Go to topS09544 Committee Votes: Go to topS09544 Floor Votes: There are no Assembly votes for this bill in this legislative session. Go to topS09544 Text: STATE OF NEW YORK ________________________________________________________________________ 9544 IN SENATE March 23, 2026 ___________ Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the biofuel production cred- it The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (a) and paragraph 1 of subdivision (b) of 2 section 28 of the tax law, as added by section 1 of part X of chapter 62 3 of the laws of 2006, subdivision (a) as amended by section 1 of part K 4 of chapter 59 of the laws of 2012, are amended to read as follows: 5 (a) General. A taxpayer subject to tax under article nine, nine-A or 6 twenty-two of this chapter shall be allowed a credit against such tax 7 pursuant to the provisions referenced in subdivision (d) of this 8 section. The credit (or pro rata share of earned credit in the case of a 9 partnership) for each gallon of biofuel produced at a biofuel plant on 10 or after January first, two thousand [six] twenty-two shall equal 11 fifteen cents per gallon after the production of the first forty thou- 12 sand gallons per year presented to market. The credit under this section 13 shall be capped at two and one-half million dollars per taxpayer per 14 taxable year for up to no more than four consecutive taxable years per 15 biofuel plant. If the taxpayer is a partner in a partnership or share- 16 holder of a New York S corporation, then the cap imposed by the preced- 17 ing sentence shall be applied at the entity level, so that the aggregate 18 credit allowed to all the partners or shareholders of each such entity 19 in the taxable year does not exceed two and one-half million dollars. 20 The tax credit allowed pursuant to this section shall apply to taxable 21 years beginning before January first, two thousand [twenty] 22 twenty-seven. 23 (1) "Biofuel" means a fuel which includes biodiesel [and ethanol], 24 renewable diesel and renewable hydrocarbon diesel. The term "biodiesel" 25 shall mean a fuel comprised exclusively of mono-alkyl esters of long 26 chain fatty acids derived from vegetable oils or animal fats, designated 27 B100, which meets the specifications of American Society of Testing and EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15297-01-6 S. 9544 2 1 Materials designation D 6751-02. The [term "ethanol" shall mean ethyl 2 alcohol manufactured in the United States and its territories and sold 3 (i) for fuel use and which has been rendered unfit for beverage use in a 4 manner and which is produced at a facility approved by the federal 5 bureau of alcohol, tobacco and firearms for the production of ethanol 6 for fuel, or (ii) as denatured ethanol used by blenders and refiners 7 which has been rendered unfit for beverage use] terms "renewable diesel" 8 and "renewable hydrocarbon diesel" mean a diesel fuel substitute 9 produced from nonpetroleum renewable sources, including vegetable oils 10 and animal fats, that meets the registration requirements for fuels and 11 fuel additives established by the federal Environmental Protection Agen- 12 cy in 40 C.F.R. Part 79 (2008) and conforms to the specifications of 13 ASTM D975. Renewable diesel and renewable hydrocarbon diesel shall not 14 include any fuel from co-processed biomass with a feedstock that is not 15 biomass. The term "biofuel" may also include any other standard 16 approved by the New York state energy and research development authori- 17 ty. 18 § 2. Section 187-c of the tax law, as amended by se
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