Assembly Bill A9132

2015-2016 Legislative Session

Relates to increasing the tax credit provided for solar energy system equipment

download bill text pdf

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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

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2015-A9132 (ACTIVE) - Details

See Senate Version of this Bill:
S1260
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9090, S6242
2013-2014: A1782, S1412
2017-2018: A5646, S4714
2019-2020: A6420, S752
2021-2022: A4353
2023-2024: A292

2015-A9132 (ACTIVE) - Summary

Relates to increasing the tax credit provided for solar energy system equipment from $5,000 to $10,000.

2015-A9132 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9132

                          I N  A S S E M B L Y

                            January 29, 2016
                               ___________

Introduced by M. of A. WALKER -- read once and referred to the Committee
  on Ways and Means

AN  ACT  to  amend the tax law, in relation to increasing the tax credit
  provided for solar energy system equipment

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph 1 of subsection (g-1) of section 606 of the tax
law, as amended by chapter 375 of the laws of 2012, is amended  to  read
as follows:
  (1)  General. An individual taxpayer shall be allowed a credit against
the tax imposed by this article equal to twenty-five percent  of  quali-
fied  solar  energy system equipment expenditures, except as provided in
subparagraph (D) of paragraph two of this subsection. This credit  shall
not  exceed  three  thousand  seven  hundred fifty dollars for qualified
solar energy equipment placed in service  before  September  first,  two
thousand  six,  and  five  thousand  dollars  for qualified solar energy
equipment placed in service on or after September  first,  two  thousand
six AND PRIOR TO SEPTEMBER FIRST, TWO THOUSAND SIXTEEN, AND TEN THOUSAND
DOLLARS  FOR  QUALIFIED  SOLAR  ENERGY EQUIPMENT PLACED IN SERVICE ON OR
AFTER SEPTEMBER FIRST, TWO THOUSAND SIXTEEN.
  S 2. This act shall take effect immediately and shall apply to taxable
years commencing on and after January 1, 2016.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02847-03-6

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