senate Bill S3238A

2011-2012 Legislative Session

Provides for separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon the residence of a taxpayer

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Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 31, 2012 reported and committed to finance
May 22, 2012 print number 3238a
amend and recommit to investigations and government operations
Jan 04, 2012 referred to investigations and government operations
Jun 02, 2011 reported and committed to finance
Feb 14, 2011 referred to investigations and government operations

Votes

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May 31, 2012 - Investigations and Government Operations committee Vote

S3238A
6
0
committee
6
Aye
0
Nay
1
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 31, 2012

aye wr (1)
excused (1)

Co-Sponsors

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S3238 - Details

See Assembly Version of this Bill:
A4247A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S7710, A9930

S3238 - Summary

Provides for separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon any residence of a taxpayer.

S3238 - Sponsor Memo

S3238 - Bill Text download pdf

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

                                  3238

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 14, 2011
                               ___________

Introduced  by  Sens.  MAZIARZ,  GRISANTI, JOHNSON, O'MARA, RANZENHOFER,
  SEWARD, YOUNG -- read twice and ordered printed, and when  printed  to
  be  committed  to the Committee on Investigations and Government Oper-
  ations

AN ACT to amend the tax law, in relation  to  the  personal  income  tax
  credit for solar and wind energy systems

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

  Section 1. Paragraph 1 of subsection (g-1) of section 606 of  the  tax
law,  as  amended by chapter 378 of the laws of 2005, is amended to read
as follows:
  (1) General. An individual taxpayer shall be allowed a credit  against
the  tax  imposed by this article equal to twenty-five percent of quali-
fied solar energy system equipment expenditures. This credit  shall  not
exceed  (A)  three  thousand  seven  hundred fifty dollars for qualified
solar energy equipment placed in service  before  September  first,  two
thousand  six,  and (B) five thousand dollars for qualified solar energy
equipment placed in service on or after September  first,  two  thousand
six  BUT  PRIOR  TO THE EFFECTIVE DATE OF SUBPARAGRAPH (C) OF THIS PARA-
GRAPH, AND (C) FIVE THOUSAND DOLLARS FOR QUALIFIED SOLAR EQUIPMENT  THAT
IS A SOLAR THERMAL ENERGY SYSTEM AND FIVE THOUSAND DOLLARS FOR QUALIFIED
SOLAR EQUIPMENT THAT IS A SOLAR ELECTRIC ENERGY SYSTEM.
  S  2.  Subparagraph  (A) of paragraph 2 of subsection (g-1) of section
606 of the tax law, as amended by chapter 378 of the laws  of  2005,  is
amended to read as follows:
  (A)  The  term  "qualified solar energy system equipment expenditures"
means expenditures 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  ANY  OF
his or her [principal residence] RESIDENCES at the time the solar energy
system equipment is placed in service.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07657-01-1

Co-Sponsors

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S3238A (ACTIVE) - Details

See Assembly Version of this Bill:
A4247A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S7710, A9930

S3238A (ACTIVE) - Summary

Provides for separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon any residence of a taxpayer.

S3238A (ACTIVE) - Sponsor Memo

S3238A (ACTIVE) - Bill Text download pdf

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

                                 3238--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 14, 2011
                               ___________

Introduced  by  Sens. MAZIARZ, GRISANTI, DUANE, JOHNSON, O'MARA, RANZEN-
  HOFER, SEWARD, YOUNG -- 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  the  personal  income  tax
  credit for solar and wind energy systems

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

  Section 1. Paragraph 1 of subsection (g-1) of section 606 of  the  tax
law,  as  amended by chapter 378 of the laws of 2005, is amended to read
as follows:
  (1) General. An individual taxpayer shall be allowed a credit  against
the  tax  imposed by this article equal to twenty-five percent of quali-
fied solar energy system equipment expenditures. This credit  shall  not
exceed  (A)  three  thousand  seven  hundred fifty dollars for qualified
solar energy equipment placed in service  before  September  first,  two
thousand  six,  and (B) five thousand dollars for qualified solar energy
equipment placed in service on or after September  first,  two  thousand
six  BUT  PRIOR  TO  JANUARY  FIRST, TWO THOUSAND THIRTEEN, AND (C) FIVE
THOUSAND DOLLARS FOR QUALIFIED SOLAR ENERGY EQUIPMENT THAT  IS  A  SOLAR
THERMAL  ENERGY  SYSTEM PLACED IN SERVICE ON OR AFTER JANUARY FIRST, TWO
THOUSAND THIRTEEN, AND (D) FIVE THOUSAND  DOLLARS  FOR  QUALIFIED  SOLAR
ENERGY  EQUIPMENT  THAT  IS  A  SOLAR  ELECTRIC  ENERGY SYSTEM PLACED IN
SERVICE ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN.
  S 2. Subparagraph (A) of paragraph 2 of subsection  (g-1)  of  section
606  of  the  tax law, as amended by chapter 378 of the laws of 2005, is
amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07657-02-2

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