S T A T E O F N E W Y O R K
________________________________________________________________________
3227
2009-2010 Regular Sessions
I N A S S E M B L Y
January 23, 2009
___________
Introduced by M. of A. THIELE -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to certain qualified solar
energy system equipment expenditures
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 2 of subsection (g-1) of section 606 of the tax
law, as amended by chapter 378 of the laws of 2005, subparagraph (B) as
amended by chapter 251 of the laws of 2006, is amended to read as
follows:
(2) Qualified solar energy system equipment expenditures. (A) The term
"qualified solar energy system equipment expenditures" means expendi-
tures 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 EITHER his or
her principal residence OR SECONDARY RESIDENCE at the time the solar
energy system equipment is placed in service.
(B) Such qualified expenditures shall include expenditures for materi-
als, labor costs properly allocable to on-site preparation, assembly and
original installation, architectural and engineering services, and
designs and plans directly related to the construction or installation
of the solar energy system equipment.
(C) Such qualified expenditures shall not include interest or other
finance charges.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03900-02-9