Senate Bill S1794A

2015-2016 Legislative Session

Creates a small business grid renewable energy tax credit

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Sponsored By

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

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Bill Amendments

2015-S1794 - Details

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:
2013-2014: S7572
2017-2018: S2242
2019-2020: S4507
2021-2022: S3286
2023-2024: S4948

2015-S1794 - Summary

Creates a small business renewable tax credit; provides the term "business related renewable energy usage" shall refer to renewable power usage used to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared renewable energy power usage cost.

2015-S1794 - Sponsor Memo

2015-S1794 - Bill Text download pdf

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

                                  1794

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 14, 2015
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to a small business grid renew-
  able 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 GRID RENEWABLE ENERGY TAX CREDIT.  (A)  A  TAXPAYER
THAT  IS  ELIGIBLE  UNDER  THE LIMITATIONS SPECIFIED IN PARAGRAPH (B) OF
THIS SUBDIVISION SHALL BE ALLOWED A CREDIT AGAINST THE  TAX  IMPOSED  BY
THIS ARTICLE.  THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO TWENTY PERCENT
OF THE COST OF CONVERSION FROM ELECTRIC OR GAS TO RENEWABLE ENERGY.
  (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, (IV) NOT BE RECEIVING
ANY ALLOCATION OR AWARD PURSUANT TO ANY PROGRAM AUTHORIZED UNDER ARTICLE
SIX OF THE ECONOMIC DEVELOPMENT LAW, AND (V) SHALL BE LOCATED  WITHIN  A
CERTAIN RADIUS OF OTHER QUALIFIED SMALL BUSINESSES.
  (C) (I) THE TERM "BUSINESS RELATED RENEWABLE ENERGY USAGE" SHALL REFER
TO RENEWABLE ENERGY POWER USAGE USED TO FURTHER THE ECONOMIC ACTIVITY OF
THE  TAXPAYER AT THE PRIMARY BUSINESS LOCATION THAT IS CLEARLY DELIMITED
FROM ANY SHARED RENEWABLE ENERGY  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 GENERATED OR COORDINATED THROUGH.   (III) THE  TERM
"RELATED  MEMBERS"  SHALL  HAVE THE SAME MEANING AS SET FORTH IN CLAUSES

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06998-01-5
              

2015-S1794A (ACTIVE) - Details

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:
2013-2014: S7572
2017-2018: S2242
2019-2020: S4507
2021-2022: S3286
2023-2024: S4948

2015-S1794A (ACTIVE) - Summary

Creates a small business renewable tax credit; provides the term "business related renewable energy usage" shall refer to renewable power usage used to further the economic activity of the taxpayer at the primary business location that is clearly delimited from any shared renewable energy power usage cost.

2015-S1794A (ACTIVE) - Sponsor Memo

2015-S1794A (ACTIVE) - Bill Text download pdf

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

                                 1794--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 14, 2015
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations -- recommitted to the Committee on Investigations  and
  Government  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 grid renew-
  able 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  GRID RENEWABLE ENERGY TAX CREDIT. (A) A TAXPAYER
THAT IS ELIGIBLE UNDER THE LIMITATIONS SPECIFIED  IN  PARAGRAPH  (B)  OF
THIS  SUBDIVISION  SHALL  BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY
THIS ARTICLE.  THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO TWENTY PERCENT
OF THE COST OF CONVERSION FROM ELECTRIC OR GAS TO RENEWABLE ENERGY.
  (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, (IV) NOT  BE  RECEIVING
ANY ALLOCATION OR AWARD PURSUANT TO ANY PROGRAM AUTHORIZED UNDER ARTICLE
SIX  OF  THE ECONOMIC DEVELOPMENT LAW, AND (V) SHALL BE LOCATED WITHIN A
CERTAIN RADIUS OF OTHER QUALIFIED SMALL BUSINESSES.
  (C) (I) THE TERM "BUSINESS RELATED RENEWABLE ENERGY USAGE" SHALL REFER
TO RENEWABLE ENERGY POWER USAGE USED TO FURTHER THE ECONOMIC ACTIVITY OF
THE TAXPAYER AT THE PRIMARY BUSINESS LOCATION THAT IS CLEARLY  DELIMITED
FROM  ANY  SHARED  RENEWABLE  ENERGY  POWER  USAGE COST.   (II) THE TERM
"PRIMARY BUSINESS LOCATION" SHALL MEAN THE PHYSICAL SITE OF THE TAXPAYER

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06998-02-6
              

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