Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 26, 2014 |
print number 2358a |
Mar 26, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
Jan 16, 2013 |
referred to investigations and government operations |
Senate Bill S2358A
2013-2014 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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-S2358 - Details
- See Assembly Version of this Bill:
- A2608
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2011-2012 Legislative Session:
-
S4624, A7203
2013-S2358 - Sponsor Memo
BILL NUMBER:S2358 TITLE OF BILL: An act to amend the tax law, in relation to establishing a credit for the purchase and installation of a sun tunnel in a principal residence PURPOSE OR GENERAL IDEA OF BILL: Establishes a tax credit for the purchase and installation of a sun tunnel. SUMMARY OF SPECIFIC PROVISIONS: Amends Section 606 of the tax law by adding a new subsection (g-3) to provide for a tax credit for the purchase and installation of a qualified sun tunnel. JUSTIFICATION: Sun tunnels are an environmentally friendly lighting solution. Installation and use of these devices significantly reduce energy costs while experiencing the benefits of natural light. This legislation establishes a tax credit for the purchase and installation of a sun tunnel in a principal residence. Such sun tunnel must have a U-factor equal to or below 0.30 and solar health gain coefficient of 0.30. The amount of the credit shall be 30% of the qualified expenditures incurred in purchasing and installing any such sun tunnel not to exceed a maximum credit of $ 150. This credit shall be provided in the taxable year commencing in which the sun tunnel is installed beginning on or after January 1, 2013.
2013-S2358 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 2358 A. 2608 2013-2014 Regular Sessions S E N A T E - A S S E M B L Y January 16, 2013 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Investi- gations and Government Operations IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing a credit for the purchase and installation of a sun tunnel in a principal residence THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (g-3) to read as follows: (G-3) CREDIT FOR SUN TUNNEL PURCHASE AND INSTALLATION. (1) GENERAL. A TAXPAYER SHALL BE ALLOWED A CREDIT FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF A SUN TUNNEL EQUAL TO OR BELOW A U-FACTOR OF 0.30 AND SOLAR HEAT GAIN COEFFICIENT (SHGC) OF 0.30 BY A TAXPAYER IN HIS OR HER PRINCIPAL RESIDENCE, IF SUCH RESIDENCE IS LOCATED WITHIN THE STATE. THE AMOUNT OF THE CREDIT SHALL BE THIRTY PERCENT OF THE EXPENDITURE INCURRED IN PURCHASING AND INSTALLING ANY SUCH SUN TUNNEL, BUT NOT TO EXCEED THE MAXIMUM CREDIT OF ONE HUNDRED FIFTY DOLLARS. (2) QUALIFIED SUN TUNNEL EXPENDITURES. (A) THE TERM "QUALIFIED SUN TUNNEL EXPENDITURES" MEANS EXPENDITURES FOR THE PURCHASE OF A SUN TUNNEL, MATERIALS AND LABOR COSTS PROPERLY ALLOCABLE TO ON-SITE PREPARATION, ASSEMBLY AND ORIGINAL INSTALLATION, ARCHITECTURAL AND ENGINEERING SERVICES, AND DESIGNS AND PLANS DIRECTLY RELATED TO THE INSTALLATION OF A SUN TUNNEL. (B) SUCH QUALIFIED EXPENDITURES SHALL NOT INCLUDE INTEREST OR OTHER FINANCE CHARGES. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06163-01-3
2013-S2358A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A2608
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2011-2012 Legislative Session:
-
S4624, A7203
2013-S2358A (ACTIVE) - Sponsor Memo
BILL NUMBER:S2358A TITLE OF BILL: An act to amend the tax law, in relation to establishing a credit for the purchase and installation of a sun tunnel in a principal residence PURPOSE: Establishes a tax credit for the purchase and installation of a sun tunnel. SUMMARY OF PROVISIONS: Amends Section 606 of the tax law by adding a new subsection (g-3) to provide for a tax credit for the purchase and installation of a qualified sun tunnel. JUSTIFICATION: Sun tunnels are an environmentally friendly lighting solution. Installation and use of these devices significantly reduce energy costs while experiencing the benefits of natural light. This legislation establishes a tax credit for the purchase and installation of a sun tunnel in a principal residence. Such sun tunnel must have a U-factor equal to or below 0.30 and solar heat gain coefficient of 0.03. The amount of the credit shall be 30% of the qualified expenditures incurred in purchasing and installing any such sun tunnel not to exceed a maximum credit of $150. This credit shall be provided in the taxable year commencing in which the sun tunnel is installed beginning on or after January 1, 2014.
2013-S2358A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 2358--A A. 2608--A 2013-2014 Regular Sessions S E N A T E - A S S E M B L Y January 16, 2013 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee IN ASSEMBLY -- Introduced by M. of A. THIELE -- 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 committee AN ACT to amend the tax law, in relation to establishing a credit for the purchase and installation of a sun tunnel in a principal residence THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (g-3) to read as follows: (G-3) CREDIT FOR SUN TUNNEL PURCHASE AND INSTALLATION. (1) GENERAL. A TAXPAYER SHALL BE ALLOWED A CREDIT FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF A SUN TUNNEL EQUAL TO OR BELOW A U-FACTOR OF 0.30 AND SOLAR HEAT GAIN COEFFICIENT (SHGC) OF 0.30 BY A TAXPAYER IN HIS OR HER PRINCIPAL RESIDENCE, IF SUCH RESIDENCE IS LOCATED WITHIN THE STATE. THE AMOUNT OF THE CREDIT SHALL BE THIRTY PERCENT OF THE EXPENDITURE INCURRED IN PURCHASING AND INSTALLING ANY SUCH SUN TUNNEL, BUT NOT TO EXCEED THE MAXIMUM CREDIT OF ONE HUNDRED FIFTY DOLLARS. (2) QUALIFIED SUN TUNNEL EXPENDITURES. (A) THE TERM "QUALIFIED SUN TUNNEL EXPENDITURES" MEANS EXPENDITURES FOR THE PURCHASE OF A SUN TUNNEL, MATERIALS AND LABOR COSTS PROPERLY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06163-02-4
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