Assembly Bill A7994

2009-2010 Legislative Session

Exempts from sales and compensating use tax certain fuel sources used to produce electricity

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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-A7994 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยงยง1102, 1107 & 1210, Tax L

2009-A7994 (ACTIVE) - Summary

Exempts from sales and compensating use tax certain fuel sources used to produce electricity.

2009-A7994 (ACTIVE) - Bill Text download pdf

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

                                  7994

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               May 1, 2009
                               ___________

Introduced by M. of A. ABBATE -- read once and referred to the Committee
  on Ways and Means

AN ACT to amend the tax law, in relation to the exemption from sales and
  compensating  use  tax  for certain fuel sources used to produce elec-
  tricity

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  (e) of section 1102 of the tax law is relet-
tered subdivision (f) and a new subdivision (e)  is  added  to  read  as
follows:
  (E)  "COMBINED CYCLE ELECTRIC GENERATING FACILITY" SHALL MEAN A NON-U-
TILITY, MERCHANT ELECTRIC GENERATING  FACILITY  UTILIZING  NATURAL  GAS,
ULTRA  LOW SULFUR DIESEL FUEL AND STEAM IN THE PRODUCTION OF ELECTRICITY
AND WHICH, ON THE EFFECTIVE DATE OF THIS SUBDIVISION IS:
  (I) LOCATED WITHIN A CITY WITH A POPULATION OF ONE MILLION OR MORE;
  (II) OPERATING UNDER A  CERTIFICATE  GRANTED  BY  THE  PUBLIC  SERVICE
DEPARTMENT  PURSUANT  TO  THE  AUTHORITY  OF  ARTICLE  TEN OF THE PUBLIC
SERVICE LAW AS FORMERLY IN EFFECT  ON  THE  DATE  SUCH  CERTIFICATE  WAS
GRANTED;
  (III)  IS  CURRENTLY  CAPABLE OF PRODUCING AT LEAST FIVE HUNDRED MEGA-
WATTS OF ELECTRICITY; AND
  (IV) HAS, ON OR AFTER THE EFFECTIVE  DATE  OF  THIS  SUBDIVISION:  (1)
COMMITTED  TO CONSTRUCT A SECOND PHASE FOR THE PRODUCTION OF ELECTRICITY
BY MEANS OF A NATURAL GAS FIRED, COMBINED CYCLE  FIVE  HUNDRED  MEGAWATT
ELECTRIC  GENERATING  UNIT, SUPPLEMENTAL TO THE ABOVE MENTIONED EXISTING
FIVE HUNDRED MEGAWATT UNIT AND ON THE SAME SITE, AS A "MERCHANT" FACILI-
TY WITHOUT A POWER PURCHASE AGREEMENT IN ORDER TO COMMENCE CONSTRUCTION,
AND (2) HAS ISSUED TO ITS CONSTRUCTION  CONTRACTOR  A  "FULL  NOTICE  TO
PROCEED"  WITH CONSTRUCTION OF SAID SECOND PHASE ON OR BEFORE JUNE THIR-
TIETH, TWO THOUSAND ELEVEN.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11489-01-9

              

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