New York S 4065: Relates to an annual pay data report

Bill Text

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S04065 Summary:

BILL NOS04065C

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SAME ASSAME AS A07308-A

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SPONSORPARKER

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COSPNSRCOMRIE, FERNANDEZ, JACKSON, MAYER, RIVERA, SANDERS, SERRANO, STAVISKY

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MLTSPNSR

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Add §5-112, Energy L; add §§50 & 187-s, amd §§210-B & 606, Tax L

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Establishes a sustainable aviation fuel tax credit and eligibility criteria for such tax credit.

Go to top S04065 Actions:

BILL NOS04065C

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01/31/2025REFERRED TO ENVIRONMENTAL CONSERVATION

02/20/2025AMEND (T) AND RECOMMIT TO ENVIRONMENTAL CONSERVATION

02/20/2025PRINT NUMBER 4065A

03/05/2025AMEND AND RECOMMIT TO ENVIRONMENTAL CONSERVATION

03/05/2025PRINT NUMBER 4065B

03/14/2025REFERENCE CHANGED TO ENERGY AND TELECOMMUNICATIONS

04/24/2025AMEND AND RECOMMIT TO ENERGY AND TELECOMMUNICATIONS

04/24/2025PRINT NUMBER 4065C

04/28/2025REPORTED AND COMMITTED TO BUDGET AND REVENUE

05/28/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO ENERGY AND TELECOMMUNICATIONS

02/24/2026REPORTED AND COMMITTED TO BUDGET AND REVENUE

Go to topS04065 Committee&nbspVotes:

Go to topS04065 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS04065 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4065--C

 2025-2026 Regular Sessions

 IN SENATE

 January 31, 2025
 ___________

 Introduced by Sens. PARKER, COMRIE, SANDERS, STAVISKY -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Environmental Conservation -- committee discharged, bill amended,
 ordered reprinted as amended and recommitted to said committee --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee -- committee discharged and said bill
 committed to the Committee on Energy and Telecommunications -- commit-
 tee discharged, bill amended, ordered reprinted as amended and recom-
 mitted to said committee

 AN ACT to amend the energy law and the tax law, in relation to estab-
 lishing a sustainable aviation fuel tax credit in New York state

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The energy law is amended by adding a new section 5-112 to
 2 read as follows:
 3 § 5-112. Sustainable aviation fuel tax credit. 1. Except as otherwise
 4 provided under this section, a sustainable aviation fuel producer may
 5 claim a credit against the tax imposed by section three hundred one-e of
 6 the tax law in an amount equal to one dollar per gallon of sustainable
 7 aviation fuel purchased in this state during the tax year by a business
 8 for use as fuel for flights departing in this state. The amount of cred-
 9 it per gallon allowed under this section increases by two cents for each
 10 additional one percent reduction in carbon dioxide equivalent emissions
 11 above fifty percent but shall not exceed two dollars per gallon.
 12 2. A taxpayer shall not claim a credit under this section unless the
 13 office issued a certificate to the taxpayer. The taxpayer shall attach
 14 the certificate to their annual return on which a credit under this
 15 section is claimed. The certificate required under this subdivision
 16 shall state all of the following:
 17 a. The name, business address, and tax identification number of the
 18 taxpayer.
 19 b. The total amount of gallons of sustainable aviation fuel that is
 20 purchased in this state during the tax year from the taxpayer and to be
 21 used as fuel in an aircraft departing from an airport in this state.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08509-05-5

 S. 4065--C 2

 1 c. The number of gallons of sustainable aviation fuel for which the
 2 percentage reduction in carbon dioxide equivalent emissions is above
 3 fifty percent and that percentage amount.
 4 3. If the amount of the credit allowed under this section exceeds the
 5 taxpayer's tax liability for the tax year, that portion that exceeds the
 6 tax liability for the tax year shall be refunded.
 7 4. As used in this section, the following terms shall have the follow-
 8 ing meanings:
 9 a. "Aviation fuel" means kero-jet fuel and gasoline as that term is
 10 described in subdivision (a) of section three hundr