| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 04, 2012 |
referred to investigations and government operations |
| Jun 08, 2011 |
print number 2711b |
| Jun 08, 2011 |
amend and recommit to investigations and government operations |
| Jun 06, 2011 |
print number 2711a |
| Jun 06, 2011 |
amend and recommit to investigations and government operations |
| Jan 31, 2011 |
referred to investigations and government operations |
Senate Bill S2711
2011-2012 Legislative Session
Sponsored By
(R, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(R) Senate District
2011-S2711 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L; add §582-b, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S1215
2013-2014: S1669
2011-S2711 - Sponsor Memo
BILL NUMBER:S2711
TITLE OF BILL:
An act
to amend the tax law and the real property tax law,
in relation to providing a tax credit
for the purchase of energy efficient home improvements
PURPOSE:
To provide an income tax credit of up to 25% of the cost of any items
that improve the energy efficiency of a home, up to $2,500. Also
requires the New York State Energy Research and Development Agency
(NYSERDA) to develop a list of acceptable energy efficiency
improvements that will be covered under the program and provides that
such upgrades shall not affect the assessed value of the home.
SUMMARY OF PROVISIONS:
Section 1 amends the tax law to provide an income tax credit of up .to
25% of the cost of any items that improve the energy efficiency of a
home, up to a maximum of $2,500. Also directs NYSERDA to adopt rules
and regulations setting forth home improvements which qualify for the
tax credit and have them provide such list on their website.
Section 2 amends the Real Property Tax law by requiring that any
energy efficiency upgrades not affect the assessed value of the home.
2011-S2711 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2711
2011-2012 Regular Sessions
I N S E N A T E
January 31, 2011
___________
Introduced by Sen. GRISANTI -- 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 and the real property tax law, in relation
to providing a tax credit for the purchase of energy efficient home
improvements
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 (ss) to read as follows:
(SS) CREDIT FOR THE PURCHASE OF ENERGY EFFICIENT HOME IMPROVEMENTS.
(1) ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CRED-
IT, TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE TAX
IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO
TWENTY-FIVE PERCENT OF THE COST OF ENERGY EFFICIENT HOME IMPROVEMENTS,
AS PROVIDED IN PARAGRAPH TWO OF THIS SUBSECTION, UP TO A TWO THOUSAND
FIVE HUNDRED DOLLAR LIMIT FOR ALL HOME IMPROVEMENTS MADE BY SUCH TAXPAY-
ER.
(2) THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY SHALL
ADOPT RULES AND REGULATIONS SETTING FORTH HOME IMPROVEMENTS WHICH QUALI-
FY FOR THE CREDIT UNDER THIS SUBSECTION. SUCH AUTHORITY SHALL DEVELOP A
LIST OF SUCH IMPROVEMENTS AND PRODUCTS AND MAKE SUCH LIST AVAILABLE ON
ITS WEBSITE.
(3) APPLICATION OF CREDIT. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS
SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH
YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDIT-
ED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED
EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE
PAID THEREON.
S 2. The real property tax law is amended by adding a new section
582-b to read as follows:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07933-01-1
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(R) Senate District
2011-S2711A - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L; add §582-b, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S1215
2013-2014: S1669
2011-S2711A - Sponsor Memo
BILL NUMBER:S2711A
TITLE OF BILL:
An act
to amend the tax law and the real property tax law,
in relation to providing a tax credit
for the purchase of energy efficient home improvements
PURPOSE:
To provide an income tax credit of up to 25% of the cost of
any items that improve the energy efficiency of a home, up to $2,500.
Also requires the New York State Energy Research and Development
Agency (NYSERDA) to develop a list of acceptable energy efficiency
improvements that will be covered under the program and provides that
such upgrades shall not affect the assessed value of the home.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 amends the tax law to
provide an income tax credit of up to 25% of the cost of any items
that improve the energy efficiency of a home, up to a maximum of
$2,500. Also directs NYSERDA to adopt rules and regulations setting
forth home improvements which qualify for the tax credit and have
them provide such list on their website.
Section 2 amends the Real Property Tax law by requiring that any
energy efficiency upgrades not affect the assessed value of the home.
2011-S2711A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2711--A
2011-2012 Regular Sessions
I N S E N A T E
January 31, 2011
___________
Introduced by Sens. GRISANTI, DeFRANCISCO, HANNON, JOHNSON, MAZIARZ --
read twice and ordered printed, and when printed to be committed to
the Committee on Investigations and Government Operations -- committee
discharged, bill amended, 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 providing a tax credit for the purchase of energy efficient home
improvements
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 (tt) to read as follows:
(TT) CREDIT FOR THE PURCHASE OF ENERGY EFFICIENT HOME IMPROVEMENTS.
(1) ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CRED-
IT, TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE TAX
IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO
TWENTY-FIVE PERCENT OF THE COST OF ENERGY EFFICIENT HOME IMPROVEMENTS,
AS PROVIDED IN PARAGRAPH TWO OF THIS SUBSECTION, UP TO A TWO THOUSAND
FIVE HUNDRED DOLLAR LIMIT FOR ALL HOME IMPROVEMENTS MADE BY SUCH TAXPAY-
ER.
(2) THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY SHALL
ADOPT RULES AND REGULATIONS SETTING FORTH HOME IMPROVEMENTS WHICH QUALI-
FY FOR THE CREDIT UNDER THIS SUBSECTION. SUCH AUTHORITY SHALL DEVELOP A
LIST OF SUCH IMPROVEMENTS AND PRODUCTS AND MAKE SUCH LIST AVAILABLE ON
ITS WEBSITE.
(3) APPLICATION OF CREDIT. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS
SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH
YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDIT-
ED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED
EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE
PAID THEREON.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07933-02-1
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(R) Senate District
2011-S2711B (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L; add §582-b, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S1215
2013-2014: S1669
2011-S2711B (ACTIVE) - Summary
Creates a tax credit for energy efficiency home improvements and products affixed to homes; directs NYSERDA to develop a list of qualified products and improvements and provides that such improvements shall not affect the assessed valuation of real property for tax purposes.
2011-S2711B (ACTIVE) - Sponsor Memo
BILL NUMBER:S2711B
TITLE OF BILL:
An act
to amend the tax law and the real property tax law,
in relation to providing a tax credit
for the purchase of energy efficient home improvements
PURPOSE:
To provide an income tax credit of up to 25% of the cost of
any items that improve the energy efficiency of a home, up to $2,500.
Also requires the New York State Energy Research and Development
Agency (NYSERDA) to develop a list of acceptable energy efficiency
improvements that will be covered under the program and provides that
such upgrades shall not affect the assessed value of the home.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 amends the tax law to provide an
income tax credit of up to 25% of the cost of any items that improve
the energy efficiency of a home, up to a maximum of $2,500. Also
directs NYSERDA to adopt rules and regulations setting forth home
improvements which qualify for the tax credit and have them provide
such list on their website.
Section 2 amends the Real Property Tax law by requiring that any
energy efficiency upgrades not affect the assessed value of the home.
2011-S2711B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2711--B
2011-2012 Regular Sessions
I N S E N A T E
January 31, 2011
___________
Introduced by Sens. GRISANTI, DeFRANCISCO, HANNON, JOHNSON, MAZIARZ --
read twice and ordered printed, and when printed to be committed to
the Committee on Investigations and Government Operations -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee -- committee discharged, bill amended, 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 providing a tax credit for the purchase of energy efficient home
improvements
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 (tt) to read as follows:
(TT) CREDIT FOR THE PURCHASE OF ENERGY EFFICIENT HOME IMPROVEMENTS.
(1) ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CRED-
IT, TO BE COMPUTED AS PROVIDED IN THIS SUBSECTION, AGAINST THE TAX
IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO
TWENTY-FIVE PERCENT OF THE COST OF ENERGY EFFICIENT HOME IMPROVEMENTS,
AS PROVIDED IN PARAGRAPH TWO OF THIS SUBSECTION, UP TO A TWO THOUSAND
FIVE HUNDRED DOLLAR LIMIT FOR ALL HOME IMPROVEMENTS MADE BY SUCH TAXPAY-
ER TO THE TAXPAYER'S PRINCIPAL RESIDENCE, IF SUCH RESIDENCE IS LOCATED
WITHIN THIS STATE.
(2) THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY SHALL
ADOPT RULES AND REGULATIONS SETTING FORTH HOME IMPROVEMENTS WHICH QUALI-
FY FOR THE CREDIT UNDER THIS SUBSECTION. SUCH AUTHORITY SHALL DEVELOP A
LIST OF SUCH IMPROVEMENTS AND PRODUCTS AND MAKE SUCH LIST AVAILABLE ON
ITS WEBSITE.
(3) APPLICATION OF CREDIT. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS
SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH
YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDIT-
ED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07933-04-1
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