Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 31, 2012 |
reported and committed to finance |
May 22, 2012 |
print number 3238a |
May 22, 2012 |
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 |
Senate Bill S3238
2011-2012 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Actions
Votes
Bill Amendments
co-Sponsors
(R, IP) Senate District
(D, WF) Senate District
(R, C, IP) Senate District
(R, C) 58th Senate District
2011-S3238 - Details
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2009-2010 Legislative Session:
-
S7710
2011-S3238 - Sponsor Memo
BILL NUMBER:S3238 TITLE OF BILL: An act to amend the tax law, in relation to the personal income tax credit for solar and wind energy systems PURPOSE OR GENERAL IDEA OF BILL: The bill provides for the separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon the residence of a taxpayer. SUMMARY OF SPECIFIC PROVISIONS: Paragraph 1 of the subsection (g-1) of section 606 of the tax law, as amended by chapter 378 of the laws of 2005; 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; Paragraph 3 of subsection (g-1) of section 606 of the tax law as amended by chapter 128 of the laws of 2007; paragraph 4 of subsection (g-1) of section 606 of the tax law, as amended by chapter 378 of the laws of 2005; paragraph 5 of subsection (g-1) of section 606 of the tax law, as added by chapter 128 of the laws of 2007; Section 606 of the tax law is amended by adding a new subsection (g-3). JUSTIFICATION: There is a national trend for Americans to use green, efficient energy
2011-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
(R, IP) Senate District
(D, WF) Senate District
(R, C, IP) Senate District
(R, C) 58th Senate District
2011-S3238A (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2009-2010 Legislative Session:
-
S7710
2011-S3238A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3238A TITLE OF BILL: An act to amend the tax law, in relation to the personal income tax credit for solar and wind energy systems PURPOSE OR GENERAL IDEA OF BILL: The bill provides for the separate personal income tax credits for solar electric, solar thermal and wind energy systems installed upon the resi- dence of a taxpayer. SUMMARY OF SPECIFIC PROVISIONS: Paragraph 1 of the subsection (g-1) of section 606 of the tax law, as amended by chapter 378 of the laws of 2005; Subparagraph (A) of para- graph 2 of subsection (g-1) of section 606 of the tax law, as amended by chapter 378 of the laws of 2005; Paragraph 3 of subsection (g-1) of section 606 of the tax law as amended by chapter 128 of the laws of 2007; paragraph 4 of subsection (g-1) of section 606 of the tax law, as amended by chapter 378 of the laws of 2005; paragraph 5 of subsection (g-1) of section 606 of the tax law, as added by chapter 128 of the laws of 2007; Section 606 of the tax law is amended by adding a new subsection (g-3). JUSTIFICATION: There is a national trend for Americans to use green, efficient energy systems. The price of gas continues to rise as Americans, and especially
2011-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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