Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 06, 2018 |
print number 3511a |
Feb 06, 2018 |
amend and recommit to investigations and government operations |
Jan 03, 2018 |
referred to investigations and government operations |
Jan 23, 2017 |
referred to investigations and government operations |
Senate Bill S3511A
2017-2018 Legislative Session
Sponsored By
(R, C, IP) 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
co-Sponsors
(R, C, IP) Senate District
(D) 22nd Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2017-S3511 - Details
- See Assembly Version of this Bill:
- A6679
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210-B & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2987
2011-2012: S3191, A10122
2013-2014: S1694, A761
2015-2016: S866, A6544
2019-2020: S1992, A6813
2017-S3511 - Summary
Creates a small business electric energy tax credit; the term "business related electricity usage" shall refer to electrical power usage to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared electrical power usage cost.
2017-S3511 - Sponsor Memo
BILL NUMBER: S3511 TITLE OF BILL : An act to amend the tax law, in relation to a small business electric energy tax credit SUMMARY OF PROVISIONS : This bill amends the Tax Law. Section 1 amends Section 210 of the Tax Law, relating to franchise taxes on business corporations, by adding a new subdivision 46 creating a small business electric energy tax credit. The section defines eligibility and other restrictions and requirements, and provides for a tax credit equal to the product of two cents per kilowatt hour for all business-related electricity usage at the taxpayer's primary business location, with a cap of $1,000 per taxable year. Section 2 amends Section 606 of the Tax Law, relating to personal income tax, by adding a new subsection (xx). This subsection provides for a small business electric energy tax credit. The section defines eligibility and other restrictions and requirements, and provides for a tax credit equal to the product of two cents per kilowatt hour for all business-related electricity usage at the taxpayer's primary business location.
2017-S3511 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3511 2017-2018 Regular Sessions I N S E N A T E January 23, 2017 ___________ Introduced by Sens. RANZENHOFER, DeFRANCISCO, FELDER, FUNKE, GOLDEN, LARKIN, YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Oper- ations AN ACT to amend the tax law, in relation to a small business electric energy tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210-B of the tax law is amended by adding a new subdivision 49 to read as follows: 49. SMALL BUSINESS ELECTRIC ENERGY TAX CREDIT. (A) A TAXPAYER THAT IS ELIGIBLE UNDER THE LIMITATIONS SPECIFIED IN PARAGRAPH (B) OF THIS SUBDI- VISION SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTI- CLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO THE PRODUCT OF TWO CENTS PER KILOWATT HOUR FOR ALL BUSINESS RELATED ELECTRICITY USAGE AT THE TAXPAYER'S PRIMARY BUSINESS LOCATION UP TO A ONE THOUSAND DOLLAR LIMIT DURING THE TAXABLE YEAR. (B) AN ELIGIBLE TAXPAYER SHALL (I) HAVE NO MORE THAN NINETEEN FULL TIME EQUIVALENT EMPLOYEES IN NEW YORK STATE, INCLUDING ANY RELATED MEMBERS OR AFFILIATES, (II) NOT BE A SOLE-PROPRIETORSHIP IF SUCH SOLE- PROPRIETOR'S PRIMARY BUSINESS LOCATION IS SITED IN OR PART OF SUCH SOLE- PROPRIETOR'S PLACE OF RESIDENCE, (III) NOT BE CERTIFIED PURSUANT TO ARTICLE EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, AND (IV) NOT BE RECEIV- ING ANY ALLOCATION OR AWARD PURSUANT TO ANY PROGRAM AUTHORIZED UNDER ARTICLE SIX OF THE ECONOMIC DEVELOPMENT LAW. (C) (I) THE TERM "BUSINESS RELATED ELECTRICITY USAGE" SHALL REFER TO ELECTRICAL POWER USAGE USED TO FURTHER THE ECONOMIC ACTIVITY OF THE TAXPAYER AT THE PRIMARY BUSINESS LOCATION THAT IS CLEARLY DELIMITED FROM ANY SHARED ELECTRICAL POWER USAGE COST. (II) THE TERM "PRIMARY BUSINESS LOCATION" SHALL MEAN THE PHYSICAL SITE OF THE TAXPAYER WITHIN THE STATE OF NEW YORK WHERE THE MAJORITY OF THE TAXPAYER'S ECONOMIC ACTIVITY IS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R, C, IP) Senate District
(D) 22nd Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2017-S3511A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6679
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210-B & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2987
2011-2012: S3191, A10122
2013-2014: S1694, A761
2015-2016: S866, A6544
2019-2020: S1992, A6813
2017-S3511A (ACTIVE) - Summary
Creates a small business electric energy tax credit; the term "business related electricity usage" shall refer to electrical power usage to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared electrical power usage cost.
2017-S3511A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3511A SPONSOR: RANZENHOFER TITLE OF BILL: An act to amend the tax law, in relation to a small business electric energy tax credit SUMMARY OF PROVISIONS: This bill amends the Tax Law. Section 1 amends Section 210 of the Tax Law, relating to franchise taxes on business corporations, by adding a new subdivision 53 creating a small business electric energy tax credit. The section defines eligibil- ity and other restrictions and requirements, and provides for a tax credit equal to the product of two cents per kilowatt hour for all busi- ness-related electricity usage at the taxpayer's primary business location, with a cap of $1,000 per taxable year. Section 2 amends Section 606 of the Tax Law, relating to personal income tax, by adding a new subsection (xx). This subsection provides for a
2017-S3511A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3511--A 2017-2018 Regular Sessions I N S E N A T E January 23, 2017 ___________ Introduced by Sens. RANZENHOFER, DeFRANCISCO, FELDER, FUNKE, GOLDEN, LARKIN, YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Oper- ations -- recommitted to the Committee on Investigations and Govern- ment Operations 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 a small business electric energy tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210-B of the tax law is amended by adding a new subdivision 53 to read as follows: 53. SMALL BUSINESS ELECTRIC ENERGY TAX CREDIT. (A) A TAXPAYER THAT IS ELIGIBLE UNDER THE LIMITATIONS SPECIFIED IN PARAGRAPH (B) OF THIS SUBDI- VISION SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTI- CLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO THE PRODUCT OF TWO CENTS PER KILOWATT HOUR FOR ALL BUSINESS RELATED ELECTRICITY USAGE AT THE TAXPAYER'S PRIMARY BUSINESS LOCATION UP TO A ONE THOUSAND DOLLAR LIMIT DURING THE TAXABLE YEAR. (B) AN ELIGIBLE TAXPAYER SHALL (I) HAVE NO MORE THAN NINETEEN FULL TIME EQUIVALENT EMPLOYEES IN NEW YORK STATE, INCLUDING ANY RELATED MEMBERS OR AFFILIATES, (II) NOT BE A SOLE-PROPRIETORSHIP IF SUCH SOLE- PROPRIETOR'S PRIMARY BUSINESS LOCATION IS SITED IN OR PART OF SUCH SOLE- PROPRIETOR'S PLACE OF RESIDENCE, (III) NOT BE CERTIFIED PURSUANT TO ARTICLE EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, AND (IV) NOT BE RECEIV- ING ANY ALLOCATION OR AWARD PURSUANT TO ANY PROGRAM AUTHORIZED UNDER ARTICLE SIX OF THE ECONOMIC DEVELOPMENT LAW. (C) (I) THE TERM "BUSINESS RELATED ELECTRICITY USAGE" SHALL REFER TO ELECTRICAL POWER USAGE USED TO FURTHER THE ECONOMIC ACTIVITY OF THE TAXPAYER AT THE PRIMARY BUSINESS LOCATION THAT IS CLEARLY DELIMITED FROM EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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