Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 14, 2016 |
held for consideration in ways and means |
Jan 06, 2016 |
referred to ways and means |
Jan 16, 2015 |
referred to ways and means |
Assembly Bill A2351
2015-2016 Legislative Session
Sponsored By
CROUCH
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
Actions
co-Sponsors
Brian Kolb
multi-Sponsors
Gary Finch
Robert Oaks
2015-A2351 (ACTIVE) - Details
2015-A2351 (ACTIVE) - Summary
Grants a tax credit for materials aiding the ventilation and illumination in factory work rooms during the manufacturing process; provides that the tax credit amount shall equal thirty-five percent of the cost of any such materials placed in service during the taxable year; further defines materials as appliances and energy using products by or for ventilation and illumination.
2015-A2351 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2351 2015-2016 Regular Sessions I N A S S E M B L Y January 16, 2015 ___________ Introduced by M. of A. CROUCH, KOLB -- Multi-Sponsored by -- M. of A. FINCH, OAKS -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to granting a tax credit for the purchase of materials aiding the ventilation and illumination in factory work rooms during the manufacturing process THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 187-t to read as follows: S 187-T. CREDIT FOR MATERIALS AIDING THE VENTILATION AND ILLUMINATION IN FACTORY WORK ROOMS. 1. GENERAL. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAXES IMPOSED BY THIS ARTICLE, OTHER THAN THE TAXES IMPOSED BY SECTIONS ONE HUNDRED EIGHTY-SIX-A AND ONE HUNDRED EIGHTY-SIX-E OF THIS ARTICLE. SUCH CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, SHALL BE ALLOWED FOR MATERIALS, PURCHASED AND USED BY A FACTORY FOR USE OR CONSUMPTION DIRECTLY AND EXCLUSIVELY TO FACILITATE VENTILATION AND ILLUMINATION IN FACTORY WORK ROOMS, PURSUANT TO SECTIONS TWO HUNDRED FIFTY-SEVEN AND TWO HUNDRED NINETY-NINE OF THE LABOR LAW, PLACED IN SERVICE DURING THE TAXABLE YEAR; PROVIDED, HOWEVER, THAT THE COMMISSIONER SHALL REQUIRE SUCH DOCUMENTARY PROOF TO QUALIFY FOR ANY EXEMPTION PROVIDED HEREIN AS THE COMMISSIONER DEEMS APPROPRIATE AND THAT THE AMOUNT OF CREDIT ALLOWED BY THIS SECTION AGAINST THE TAX IMPOSED BY SECTION ONE HUNDRED EIGHTY-FOUR OF THIS ARTI- CLE SHALL BE THE EXCESS OF THE CREDIT COMPUTED UNDER THIS SECTION OVER THE AMOUNT OF CREDIT ALLOWED BY THIS SECTION AGAINST THE TAX IMPOSED BY SECTION ONE HUNDRED EIGHTY-THREE OF THIS ARTICLE. 2. DEFINITION. AS USED IN THIS SECTION "MATERIALS" SHALL MEAN APPLI- ANCES AND ENERGY USING PRODUCTS BY OR FOR VENTILATION AND ILLUMINATION, SUCH AS BUT NOT LIMITED TO, LAMPS AND LUMINARIES, FLUORESCENT LAMPS, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05149-01-5
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