Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 11, 2014 |
print number 1595a |
Feb 11, 2014 |
amend and recommit to ways and means |
Jan 08, 2014 |
referred to ways and means |
Jan 09, 2013 |
referred to ways and means |
Assembly Bill A1595A
2013-2014 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
Bill Amendments
2013-A1595 - Details
2013-A1595 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1595 2013-2014 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2013 ___________ Introduced by M. of A. CAHILL -- 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2013-A1595A (ACTIVE) - Details
2013-A1595A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1595--A 2013-2014 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2013 ___________ Introduced by M. of A. CAHILL -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03731-03-4
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