Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to ways and means |
May 18, 2009 |
referred to ways and means |
Assembly Bill A8381
2009-2010 Legislative Session
Sponsored By
CAHILL
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A8381 (ACTIVE) - Details
2009-A8381 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8381 2009-2010 Regular Sessions I N A S S E M B L Y May 18, 2009 ___________ Introduced by M. of A. CAHILL, REILLY -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to restoring the fuel cell tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 187-n of the tax law, as amended by section 1 of part C-1 of chapter 57 of the laws of 2009, is amended to read as follows: (1) Allowance of credit. [For taxable years beginning before January first, two thousand nine, a] A taxpayer whose business is not substan- tially engaged in the commercial generation, distribution, transmission, or servicing of energy or energy products shall be allowed a credit against the taxes imposed by sections one hundred eighty-three, one hundred eighty-four and one hundred eighty-five of this article, equal to its qualified fuel cell electric generating equipment expenditures. Provided, however, that the amount of such credit allowable against the tax imposed by section one hundred eighty-four of this article shall be the excess of the amount of such credit over the amount of any credit allowed by this section against the tax imposed by section one hundred eighty-three of this article. This credit shall not exceed one thousand five hundred dollars per generating unit with respect to any taxable year. The credit provided for herein shall be allowed with respect to the taxable year in which the fuel cell electric generating equipment is placed in service. S 2. Paragraph (a) of subdivision 37 of section 210 of the tax law, as amended by section 2 of part C-1 of chapter 57 of the laws of 2009, is amended to read as follows: (a) Allowance of credit. [For taxable years beginning before January first, two thousand nine, a] A taxpayer shall be allowed a credit against the tax imposed by this article, equal to its qualified fuel EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11826-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.