Assembly Bill A9090

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

                                  9090

                          I N  A S S E M B L Y

                            January 20, 2012
                               ___________

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

AN  ACT  to  amend the tax law, in relation to increasing the tax credit
  provided for solar energy system equipment

  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 three thousand seven hundred fifty dollars  for  qualified  solar
energy  equipment placed in service before September first, two thousand
six, and five thousand dollars  for  qualified  solar  energy  equipment
placed  in  service  on  or  after September first, two thousand six AND
PRIOR TO SEPTEMBER FIRST, TWO THOUSAND TWELVE, AND TEN THOUSAND  DOLLARS
FOR  QUALIFIED  SOLAR  ENERGY  EQUIPMENT  PLACED  IN SERVICE ON OR AFTER
SEPTEMBER FIRST, TWO THOUSAND TWELVE.
  S 2. This act shall take effect immediately and shall apply to taxable
years commencing on and after January 1, 2012.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14054-01-2