Assembly Bill A9930

2009-2010 Legislative Session

Provides for separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon the residence of a taxpayer

download bill text pdf

Sponsored By

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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2009-A9930 (ACTIVE) - Details

See Senate Version of this Bill:
S7710
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: A4247, S3238
2013-2014: A6312

2009-A9930 (ACTIVE) - Summary

Provides for separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon any residence of a taxpayer.

2009-A9930 (ACTIVE) - Sponsor Memo

2009-A9930 (ACTIVE) - Bill Text download pdf

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

                                  9930

                          I N  A S S E M B L Y

                            February 12, 2010
                               ___________

Introduced by M. of A. ALESSI, ENGLEBRIGHT, DelMONTE, GABRYSZAK, SKARTA-
  DOS,  GALEF,  SPANO,  SCHIMMINGER,  TOBACCO, QUINN, MOLINARO, GUNTHER,
  BENEDETTO, MAISEL, FINCH, RAIA, STIRPE, BALL, ZEBROWSKI -- Multi-Spon-
  sored by -- M. of A. ABBATE,  CONTE,  COOK,  CRESPO,  DUPREY,  GIGLIO,
  GLICK,  HEASTIE,  HOYT,  McENENY,  McKEVITT,  MENG,  PHEFFER, SWEENEY,
  THIELE, TITONE, WEISENBERG -- read once and referred to the  Committee
  on Ways and Means

AN  ACT  to  amend  the  tax law, in relation to the personal income tax
  credit for solar and wind energy systems

  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 378 of the laws of 2005, 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. This credit shall not
exceed (A) three thousand seven  hundred  fifty  dollars  for  qualified
solar  energy  equipment  placed  in service before September first, two
thousand six, and (B) five thousand dollars for qualified  solar  energy
equipment  placed  in  service on or after September first, two thousand
six BUT PRIOR TO THE EFFECTIVE DATE OF SUBPARAGRAPH (C)  OF  THIS  PARA-
GRAPH,  AND (C) FIVE THOUSAND DOLLARS FOR QUALIFIED SOLAR EQUIPMENT THAT
IS A SOLAR THERMAL ENERGY SYSTEM AND FIVE THOUSAND DOLLARS FOR QUALIFIED
SOLAR EQUIPMENT THAT IS A SOLAR ELECTRIC ENERGY SYSTEM.
  S 2. Subparagraph (A) of paragraph 2 of subsection  (g-1)  of  section
606  of  the  tax law, as amended by chapter 378 of the laws of 2005, is
amended to read as follows:
  (A) The term "qualified solar energy  system  equipment  expenditures"
means  expenditures  for  the  purchase of solar energy system equipment
which is installed in connection with residential property which is  (i)
located  in  this state and (ii) which is used by the taxpayer as ANY OF
his or her [principal residence] RESIDENCES at the time the solar energy
system equipment is placed in service.

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

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