Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 15, 2014 |
enacting clause stricken |
Jan 08, 2014 |
referred to ways and means |
Mar 08, 2013 |
referred to ways and means |
Assembly Bill A5904
2013-2014 Legislative Session
Sponsored By
GABRYSZAK
Archive: Last Bill Status - Stricken
- 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
co-Sponsors
Albert A. Stirpe
multi-Sponsors
Margaret Markey
2013-A5904 (ACTIVE) - Details
- Law Section:
- Public Service Law
- Laws Affected:
- Add §73, Pub Serv L; amd §§210 & 606, add §§38 & 187-s, Tax L
2013-A5904 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5904 2013-2014 Regular Sessions I N A S S E M B L Y March 8, 2013 ___________ Introduced by M. of A. GABRYSZAK -- read once and referred to the Committee on Ways and Means AN ACT to amend the public service law and the tax law, in relation to creating the clean fuel and job creation tax credit to incentivize power plants to repower existing facilities or construct new facili- ties which use cleaner burning fuels or add significant pollution control technologies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public service law is amended by adding a new section 73 to read as follows: S 73. COORDINATION WITH CERTAIN PROVISIONS OF THE TAX LAW. THE DEPART- MENT MAY REQUEST FROM THE DEPARTMENT OF TAXATION AND FINANCE A LIST OF ELECTRIC GENERATING FACILITIES THAT HAVE BEEN GRANTED A CLEAN FUEL AND JOB CREATION TAX CREDIT AS SUCH CREDIT IS DESCRIBED IN SECTION THIRTY-EIGHT OF THE TAX LAW. THE LIST SHALL INCLUDE THE LOCATION OF THE FACILITY RECEIVING THE CREDIT, A DESCRIPTION OF THE PROJECT TO WHICH THE CREDIT RELATES, THE AMOUNT OF THE CREDIT, AND THE TAX YEAR FOR WHICH THE CREDIT WAS GRANTED. S 2. The tax law is amended by adding a new section 38 to read as follows: S 38. CLEAN FUEL AND JOB CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A OR TWENTY-TWO OF THIS CHAPTER, WHICH IS AN ELECTRIC GENERATING FACILITY, SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, PURSUANT TO THE PROVISIONS REFERENCED IN SUBDIVISION (C) OF THIS SECTION. THE CREDIT SHALL BE ALLOWED FOR CERTAIN INVESTMENTS MADE BY ANY MAJOR ELECTRIC GENERATING FACILITY IN THE STATE SUCH AS REPOWERING PROJECTS, QUALIFIED ENERGY INFRASTRUCTURE INVESTMENTS, AND QUALIFIED NEW CONSTRUCTION PROJECTS AS DESCRIBED IN THIS SECTION. THE CREDIT SHALL BE AS FOLLOWS: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05917-03-3
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