Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 17, 2014 |
print number 4710a |
Jan 17, 2014 |
amend and recommit to energy and telecommunications |
Jan 08, 2014 |
referred to energy and telecommunications |
Apr 18, 2013 |
referred to energy and telecommunications |
Senate Bill S4710
2013-2014 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications 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
Bill Amendments
co-Sponsors
(D) Senate District
2013-S4710 - Details
2013-S4710 - Summary
Establishes an alternative energy systems and generating equipment tax credit for qualified expenditures meeting the criteria prescribed by the department of taxation and finance, in consultation with the department of environmental conservation and the New York state energy research and development authority, for taxpayers subject to tax under articles nine-A, twenty-two, thirty-two and thirty-three of the tax law whose business is not substantially engaged in the commercial generation, distribution, transmission or servicing of energy or energy products.
2013-S4710 - Sponsor Memo
BILL NUMBER:S4710 TITLE OF BILL: An act to amend the tax law, in relation to establishing a tax credit for alternative energy systems and generating equipment PURPOSE: The purpose of this legislation is to encourage the investment in and continued use of alternative energy systems and generating equipment through tax credits which will assist in offsetting the initial costs of constructing and installing solar and wind energy system equipment and fuel cell electric generating equipment. SUMMARY OF PROVISIONS: Section 1 - would amend the tax law by adding a new section 28-a to establish a tax credit for alternative energy systems and generating equipment. Sections 2, 3, 4, 5 and 6 - amend the tax law to allow for alternative energy systems and generating equipment credits, as would be established pursuant to section one of this legislation, within Articles nine-a, twenty-two, thirty-two and thirty-three of the tax law. Section 7 - Effective date.
2013-S4710 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4710 2013-2014 Regular Sessions I N S E N A T E April 18, 2013 ___________ Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the tax law, in relation to establishing a tax credit for alternative energy systems and generating equipment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 28-a to read as follows: S 28-A. CREDIT FOR ALTERNATIVE ENERGY SYSTEMS AND GENERATING EQUIP- MENT. (A) GENERAL. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A, TWEN- TY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER, WHOSE BUSINESS IS NOT SUBSTANTIALLY ENGAGED IN THE COMMERCIAL GENERATION, DISTRIBUTION, TRANSMISSION OR SERVICING OF ENERGY OR ENERGY PRODUCTS, AND WHO EMPLOYS ONE OR MORE FULL-TIME EMPLOYEES, EXCLUDING GENERAL EXECUTIVE OFFICERS (IN THE CASE OF A CORPORATION), SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, PURSUANT TO THE PROVISIONS REFERENCED IN SUBDIVISION (E) OF THIS SECTION. THE CREDIT SHALL BE ALLOWED FOR QUALIFIED EXPENDITURES WHICH MEET THE ELIGIBILITY CRITERIA, IF ANY, PRESCRIBED BY THE DEPARTMENT, IN CONSULTATION WITH THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION AND THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY, DISBURSED IN NEW YORK STATE. (B) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION: (1) THE TERM "SOLAR AND WIND ENERGY SYSTEM EQUIPMENT" SHALL REFER TO A SYSTEM WHICH SHALL MEET THE ELIGIBILITY REQUIREMENTS SET BY THE DEPARTMENT OF ENVI- RONMENTAL CONSERVATION AND THE NEW YORK STATE ENERGY AND RESEARCH AND DEVELOPMENT AUTHORITY WHICH SERVES AS: (I) SOLAR ELECTRIC GENERATING EQUIPMENT WHICH SHALL MEAN AN ARRANGE- MENT OR COMBINATION OF COMPONENTS UTILIZING SOLAR RADIATION TO PRODUCE ENERGY DESIGNED TO PROVIDE HEATING, COOLING, HOT WATER OR ELECTRICITY. SUCH ARRANGEMENT OR COMPONENTS SHALL NOT INCLUDE EQUIPMENT THAT IS PART EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03486-02-3
co-Sponsors
(D) Senate District
2013-S4710A (ACTIVE) - Details
2013-S4710A (ACTIVE) - Summary
Establishes an alternative energy systems and generating equipment tax credit for qualified expenditures meeting the criteria prescribed by the department of taxation and finance, in consultation with the department of environmental conservation and the New York state energy research and development authority, for taxpayers subject to tax under articles nine-A, twenty-two, thirty-two and thirty-three of the tax law whose business is not substantially engaged in the commercial generation, distribution, transmission or servicing of energy or energy products.
2013-S4710A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4710A TITLE OF BILL: An act to amend the tax law, in relation to establishing a tax credit for alternative energy systems and generating equipment PURPOSE: The purpose of this legislation is to encourage the investment in and continued use of alternative energy systems and generating equipment through tax credits which will assist in offsetting the initial costs of constructing and installing solar and wind energy system equipment and fuel cell electric generating equipment. SUMMARY OF PROVISIONS: Section 1 - would amend the tax law by adding a new section 28-a to establish a tax credit for alternative energy systems and generating equipment. Sections 2, 3, 4, 5 and 6 - amend the tax law to allow for alternative energy systems and generating equipment credits, as would be established pursuant to section one of this legislation, within Articles nine-a, twenty-two, thirty-two and thirty-three of the tax law. Section 7 - Effective date.
2013-S4710A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4710--A 2013-2014 Regular Sessions I N S E N A T E April 18, 2013 ___________ Introduced by Sens. MAZIARZ, TKACZYK -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Tele- communications -- recommitted to the Committee on Energy and Telecom- munications in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing a tax credit for alternative energy systems and generating equipment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 28-a to read as follows: S 28-A. CREDIT FOR ALTERNATIVE ENERGY SYSTEMS AND GENERATING EQUIP- MENT. (A) GENERAL. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A, TWEN- TY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER, WHOSE BUSINESS IS NOT SUBSTANTIALLY ENGAGED IN THE COMMERCIAL GENERATION, DISTRIBUTION, TRANSMISSION OR SERVICING OF ENERGY OR ENERGY PRODUCTS, AND WHO EMPLOYS ONE OR MORE FULL-TIME EMPLOYEES, EXCLUDING GENERAL EXECUTIVE OFFICERS (IN THE CASE OF A CORPORATION), SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, PURSUANT TO THE PROVISIONS REFERENCED IN SUBDIVISION (E) OF THIS SECTION. THE CREDIT SHALL BE ALLOWED FOR QUALIFIED EXPENDITURES WHICH MEET THE ELIGIBILITY CRITERIA, IF ANY, PRESCRIBED BY THE DEPARTMENT, IN CONSULTATION WITH THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION AND THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY, DISBURSED IN NEW YORK STATE. (B) DEFINITIONS. FOR THE PURPOSES OF THIS SECTION: (1) THE TERM "SOLAR AND WIND ENERGY SYSTEM EQUIPMENT" SHALL REFER TO A SYSTEM WHICH SHALL MEET THE ELIGIBILITY REQUIREMENTS SET BY THE DEPARTMENT OF ENVI- RONMENTAL CONSERVATION AND THE NEW YORK STATE ENERGY AND RESEARCH AND DEVELOPMENT AUTHORITY WHICH SERVES AS: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03486-04-4
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