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Assembly Bill A9192

2011-2012 Legislative Session

Establishes the multiple dwelling carbon emissions reduction tax abatement.

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

multi-Sponsors

2011-A9192 - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-n, RPT L; amd §606, Tax L

2011-A9192 - Summary

Establishes the multiple dwelling carbon emissions reduction tax abatement; provides a tax abatement for an owner of a multiple dwelling with at least five units, the heating system of which has been converted from one that burns number four or number six fuel oil to one that burns a less carbon-intense fuel or utilizes a renewable energy source.

2011-A9192 - Bill Text download pdf 

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

                                  9192

                          I N  A S S E M B L Y

                            February 2, 2012
                               ___________

Introduced  by M. of A. QUART -- read once and referred to the Committee
  on Real Property Taxation

AN ACT to amend the real property tax law, in relation  to  establishing
  the multiple dwelling carbon emissions reduction tax abatement

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

  Section 1. The real property tax  law  is  amended  by  adding  a  new
section 421-n to read as follows:
  S  421-N.  MULTIPLE DWELLING CARBON EMISSIONS REDUCTION TAX ABATEMENT.
1. ANY OWNER OF A MULTIPLE DWELLING BUILDING WITH AT LEAST  FIVE  UNITS,
THE  HEATING  SYSTEM  OF  WHICH  HAS  BEEN CONVERTED FROM ONE THAT BURNS
NUMBER SIX FUEL OIL TO ONE THAT BURNS  A  LESS  CARBON-INTENSE  FUEL  OR
UTILIZES  A  RENEWABLE  ENERGY  SOURCE ON OR AFTER THE EFFECTIVE DATE OF
THIS SECTION SHALL RECEIVE AN ABATEMENT OF TAXES ON SUCH  REAL  PROPERTY
WITH RESPECT TO THE TAXABLE YEAR IN WHICH SUCH CONVERSION WAS COMPLETED,
EQUALING  THE  LESSER  OF  (A) EIGHTY PERCENT, UP TO ONE HUNDRED SEVENTY
THOUSAND DOLLARS, TOWARDS THE TOTAL PROJECT COST OF DESIGNING,  PURCHAS-
ING  AND  INSTALLING SUCH A HEATING SYSTEM, WHICH COST SHALL INCLUDE THE
DECOMMISSIONING AND REMOVAL OF EXISTING EQUIPMENT, OR (B) THE AMOUNT  OF
TAXES  PAYABLE IN SUCH YEAR; PROVIDED THAT THE GOVERNING BODY OF A CITY,
VILLAGE, TOWN OR COUNTY, AFTER PUBLIC HEARING, ADOPTS A LOCAL LAW, ORDI-
NANCE OR RESOLUTION PROVIDING THEREFOR.
  2. THE PRESIDENT OF THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT
AUTHORITY SHALL PROVIDE DEFINITIONS AND GUIDELINES FOR  THE  ELIGIBILITY
FOR  EXEMPTION OF HEATING SYSTEMS THAT BURN LESS CARBON-INTENSE FUELS OR
UTILIZE RENEWABLE ENERGY SOURCES, AS DESCRIBED  IN  SUBDIVISION  ONE  OF
THIS  SECTION,  AND  SHALL  SET  MINIMUM  PERFORMANCE STANDARDS FOR SUCH
SYSTEMS, PROVIDED THAT:
  (A) LESS-CARBON INTENSE FUEL SHALL INCLUDE, BUT SHALL NOT  BE  LIMITED
TO,  NATURAL GAS, NUMBER TWO FUEL OIL, BIOFUELS/BIODIESEL BLENDS, REVEN-
UE-GRADE WASTE GAS FROM LANDFILLS AND DIGESTERS AND PROPANE WOODY  BIOM-
ASS; PROVIDED, HOWEVER, THAT NUMBER FOUR FUEL OIL SHALL NOT QUALIFY AS A
LESS-CARBON INTENSE FUEL.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14239-01-2

co-Sponsors

multi-Sponsors

2011-A9192A - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-n, RPT L; amd §606, Tax L

2011-A9192A - Summary

Establishes the multiple dwelling carbon emissions reduction tax abatement; provides a tax abatement for an owner of a multiple dwelling with at least five units, the heating system of which has been converted from one that burns number four or number six fuel oil to one that burns a less carbon-intense fuel or utilizes a renewable energy source.

2011-A9192A - Bill Text download pdf 

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

                                 9192--A

                          I N  A S S E M B L Y

                            February 2, 2012
                               ___________

Introduced  by  M. of A. QUART, JAFFEE -- Multi-Sponsored by -- M. of A.
  BOYLAND, GOTTFRIED, P. RIVERA, TITONE -- read once and referred to the
  Committee on Real Property  Taxation  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the tax law and the real property tax law,  in  relation
  to establishing the carbon emissions reduction credit and the multiple
  dwelling carbon emissions reduction tax abatement

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

  Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
subsection (uu) to read as follows:
  (UU)  CARBON  EMISSIONS  REDUCTION  CREDIT.  (1)  ALLOWANCE OF CREDIT.
SUBJECT TO APPROVAL BY THE COMMISSION PURSUANT TO PARAGRAPH FOUR OF THIS
SUBSECTION, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED
BY THIS ARTICLE FOR COSTS INCURRED ON OR AFTER  THE  EFFECTIVE  DATE  OF
THIS SUBSECTION BY SUCH TAXPAYER, WHICH ARE DIRECTLY ASSOCIATED WITH THE
CONVERSION  OF A HOME HEATING SYSTEM FROM ONE THAT BURNS NUMBER SIX FUEL
OIL TO ONE THAT BURNS A LESS CARBON-INTENSE FUEL OR UTILIZES A RENEWABLE
ENERGY SOURCE, IN HIS OR HER PRINCIPAL RESIDENCE, IF SUCH RESIDENCE IS A
SINGLE FAMILY DWELLING LOCATED IN THIS STATE. THE AMOUNT OF  THE  CREDIT
SHALL BE EQUAL TO TWO THOUSAND DOLLARS, TOWARDS THE TOTAL COST OF DESIG-
NATING,  PURCHASING  AND  INSTALLING  SUCH  A HEATING SYSTEM, WHICH COST
SHALL INCLUDE THE DECOMMISSIONING AND REMOVAL OF EXISTING EQUIPMENT.
  (2) MULTIPLE TAXPAYERS. IF THE PRINCIPAL RESIDENCE IS SHARED BY TWO OR
MORE TAXPAYERS, THE AMOUNT OF THE CREDIT ALLOWABLE UNDER THIS SUBSECTION
FOR EACH SUCH ELIGIBLE TAXPAYER  SHALL  BE  PRORATED  ACCORDING  TO  THE
PERCENTAGE OF THE TOTAL EXPENDITURE FOR SUCH CONVERSION INCURRED BY EACH
TAXPAYER.
  (3)  DEFINITIONS  AND  GUIDELINES.  (A)  THE PRESIDENT OF THE NEW YORK
STATE ENERGY RESEARCH AND  DEVELOPMENT  AUTHORITY  SHALL  PROVIDE  DEFI-
NITIONS  AND GUIDELINES FOR THE ELIGIBILITY OF HEATING SYSTEMS THAT BURN
LESS CARBON-INTENSE  FUELS  OR  UTILIZE  RENEWABLE  ENERGY  SOURCES,  AS

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14239-02-2

co-Sponsors

multi-Sponsors

2011-A9192B - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-n, RPT L; amd §606, Tax L

2011-A9192B - Summary

Establishes the multiple dwelling carbon emissions reduction tax abatement; provides a tax abatement for an owner of a multiple dwelling with at least five units, the heating system of which has been converted from one that burns number four or number six fuel oil to one that burns a less carbon-intense fuel or utilizes a renewable energy source.

2011-A9192B - Bill Text download pdf 

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

                                 9192--B

                          I N  A S S E M B L Y

                            February 2, 2012
                               ___________

Introduced  by  M. of A. QUART, JAFFEE -- Multi-Sponsored by -- M. of A.
  BOYLAND, GOTTFRIED, HOOPER, P. RIVERA, SCHIMEL, TITONE  --  read  once
  and  referred  to the Committee on Real Property Taxation -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee -- again reported from said  committee  with  amend-
  ments, ordered reprinted as amended and recommitted to said committee

AN  ACT  to amend the tax law and the real property tax law, in relation
  to establishing the carbon emissions reduction credit and the multiple
  dwelling carbon emissions reduction tax abatement

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

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (uu) to read as follows:
  (UU) CARBON EMISSIONS  REDUCTION  CREDIT.  (1)  ALLOWANCE  OF  CREDIT.
SUBJECT TO APPROVAL BY THE COMMISSION PURSUANT TO PARAGRAPH FOUR OF THIS
SUBSECTION, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED
BY  THIS  ARTICLE  FOR  COSTS INCURRED ON OR AFTER THE EFFECTIVE DATE OF
THIS SUBSECTION BY SUCH TAXPAYER, WHICH ARE DIRECTLY ASSOCIATED WITH THE
CONVERSION OF A HOME HEATING SYSTEM FROM ONE THAT BURNS NUMBER  FOUR  OR
NUMBER  SIX  FUEL  OIL  TO  ONE THAT BURNS A LESS CARBON-INTENSE FUEL OR
UTILIZES A RENEWABLE ENERGY SOURCE, IN HIS OR HER  PRINCIPAL  RESIDENCE,
IF SUCH RESIDENCE IS A SINGLE FAMILY DWELLING LOCATED IN THIS STATE. THE
AMOUNT OF THE CREDIT SHALL BE EQUAL TO TWO THOUSAND DOLLARS, TOWARDS THE
TOTAL  COST  OF  DESIGNATING,  PURCHASING  AND INSTALLING SUCH A HEATING
SYSTEM, WHICH COST SHALL INCLUDE  THE  DECOMMISSIONING  AND  REMOVAL  OF
EXISTING EQUIPMENT.
  (2) MULTIPLE TAXPAYERS. IF THE PRINCIPAL RESIDENCE IS SHARED BY TWO OR
MORE TAXPAYERS, THE AMOUNT OF THE CREDIT ALLOWABLE UNDER THIS SUBSECTION
FOR  EACH  SUCH  ELIGIBLE  TAXPAYER  SHALL  BE PRORATED ACCORDING TO THE
PERCENTAGE OF THE TOTAL EXPENDITURE FOR SUCH CONVERSION INCURRED BY EACH
TAXPAYER.
  (3) DEFINITIONS AND GUIDELINES. (A) THE  PRESIDENT  OF  THE  NEW  YORK
STATE  ENERGY  RESEARCH  AND  DEVELOPMENT  AUTHORITY SHALL PROVIDE DEFI-
NITIONS AND GUIDELINES FOR THE ELIGIBILITY OF HEATING SYSTEMS THAT  BURN

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

co-Sponsors

multi-Sponsors

2011-A9192C (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-n, RPT L; amd §606, Tax L

2011-A9192C (ACTIVE) - Summary

Establishes the multiple dwelling carbon emissions reduction tax abatement; provides a tax abatement for an owner of a multiple dwelling with at least five units, the heating system of which has been converted from one that burns number four or number six fuel oil to one that burns a less carbon-intense fuel or utilizes a renewable energy source.

2011-A9192C (ACTIVE) - Bill Text download pdf 

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

                                 9192--C

                          I N  A S S E M B L Y

                            February 2, 2012
                               ___________

Introduced  by  M. of A. QUART, JAFFEE -- Multi-Sponsored by -- M. of A.
  BOYLAND, GOTTFRIED, HOOPER, P. RIVERA, SCHIMEL, TITONE  --  read  once
  and  referred  to the Committee on Real Property Taxation -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee -- again reported from said  committee  with  amend-
  ments,  ordered reprinted as amended and recommitted to said committee
  --  again  reported  from  said  committee  with  amendments,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to amend the tax law and the real property tax law, in relation
  to establishing the carbon emissions reduction credit and the multiple
  dwelling carbon emissions reduction tax abatement

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

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (uu) to read as follows:
  (UU) CARBON EMISSIONS  REDUCTION  CREDIT.  (1)  ALLOWANCE  OF  CREDIT.
SUBJECT TO APPROVAL BY THE COMMISSION PURSUANT TO PARAGRAPH FOUR OF THIS
SUBSECTION, A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED
BY  THIS  ARTICLE  FOR  COSTS INCURRED ON OR AFTER THE EFFECTIVE DATE OF
THIS SUBSECTION BY SUCH TAXPAYER, WHICH ARE DIRECTLY ASSOCIATED WITH THE
CONVERSION OF A HOME HEATING SYSTEM FROM ONE THAT BURNS NUMBER  FOUR  OR
NUMBER  SIX  FUEL  OIL  TO  ONE THAT BURNS A LESS CARBON-INTENSE FUEL OR
UTILIZES A RENEWABLE ENERGY SOURCE, IN HIS OR HER  PRINCIPAL  RESIDENCE,
IF SUCH RESIDENCE IS A SINGLE FAMILY DWELLING LOCATED IN THIS STATE. THE
AMOUNT OF THE CREDIT SHALL BE EQUAL TO TWO THOUSAND DOLLARS, TOWARDS THE
TOTAL  COST  OF  DESIGNATING,  PURCHASING  AND INSTALLING SUCH A HEATING
SYSTEM, WHICH COST SHALL INCLUDE  THE  DECOMMISSIONING  AND  REMOVAL  OF
EXISTING EQUIPMENT.
  (2) MULTIPLE TAXPAYERS. IF THE PRINCIPAL RESIDENCE IS SHARED BY TWO OR
MORE TAXPAYERS, THE AMOUNT OF THE CREDIT ALLOWABLE UNDER THIS SUBSECTION
FOR  EACH  SUCH  ELIGIBLE  TAXPAYER  SHALL  BE PRORATED ACCORDING TO THE
PERCENTAGE OF THE TOTAL EXPENDITURE FOR SUCH CONVERSION INCURRED BY EACH
TAXPAYER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14239-06-2

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