S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6420
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 7, 2019
                                ___________
 
 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 from five thousand  dollars
   to ten thousand dollars
 
   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 NINETEEN, AND  TEN  THOU-
 SAND  DOLLARS  FOR QUALIFIED SOLAR ENERGY EQUIPMENT PLACED IN SERVICE ON
 OR AFTER SEPTEMBER FIRST, TWO THOUSAND NINETEEN.
   § 2. This act shall take effect immediately and shall apply to taxable
 years commencing on and after January 1, 2019.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03437-01-9