Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 08, 2014 |
referred to energy and telecommunications |
Mar 05, 2013 |
referred to energy and telecommunications |
Senate Bill S4025
2013-2014 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications 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
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(D) 22nd Senate District
2013-S4025 (ACTIVE) - Details
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Public Service Law
- Laws Affected:
- Add §73, Pub Serv L; amd §§210 & 606, Tax L
2013-S4025 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4025 TITLE OF BILL: An act to amend the public service law and the tax law, in relation to establishing the retail filling station emergency generating tax credit PURPOSE: To provide a tax credit to retail fueling stations for the installation of a renewable energy generating back-up system or an emergency back-up generator SUMMARY OF PROVISIONS: Section 1-Creates a new section 73 of the public service law to allow for the Department of Public Service to obtain information as to those businesses who have been granted a tax credit under this bill Section 2-Amends section 210 of the tax law to create the retail filling station emergency generating system credit, defines terms, and places the value of the credit at a maximum of $5000 for a traditional back-up generator and up to $15,000 for a renewable emergency generating system. Section 3-Amends Section 606 of the tax law to add a new clause creating this credit Section 4- Amends Section 606 of the tax law by adding a new
2013-S4025 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4025 2013-2014 Regular Sessions I N S E N A T E March 5, 2013 ___________ Introduced by Sens. MAZIARZ, GOLDEN, BONACIC, FUSCHILLO, HANNON, LATIM- ER, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommunications AN ACT to amend the public service law and the tax law, in relation to establishing the retail filling station emergency generating tax cred- it THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public service law is amended by adding a new section 73 to read as follows: S 73. COORDINATION WITH CERTAIN PROVISIONS OF THE TAX LAW. THE DEPART- MENT MAY REQUEST FROM THE DEPARTMENT OF TAXATION AND FINANCE A LIST OF RETAIL FILLING STATIONS THAT HAVE BEEN GRANTED A RETAIL FILLING STATION EMERGENCY GENERATING SYSTEM TAX CREDIT AS SUCH CREDIT IS DESCRIBED IN SUBDIVISION FORTY-SIX OF SECTION TWO HUNDRED TEN OF THE TAX LAW. THE LIST SHALL INCLUDE THE LOCATION OF THE FILLING STATION RECEIVING THE CREDIT, A DESCRIPTION OF THE EMERGENCY GENERATING SYSTEM TO WHICH THE CREDIT RELATES, THE AMOUNT OF THE CREDIT, AND THE TAX YEAR FOR WHICH THE CREDIT WAS GRANTED. S 2. Section 210 of the tax law is amended by adding a new subdivision 46 to read as follows: 46. RETAIL FILLING STATION EMERGENCY GENERATING SYSTEM TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER WHO IS ENGAGED IN THE BUSINESS OF SELL- ING MOTOR FUEL OR DIESEL MOTOR FUEL AT RETAIL SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN PARAGRAPH (C) OF THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR THE PURCHASE AND INSTALLATION OF AN EMERGENCY BACK-UP GENERATOR OR A RENEWABLE EMERGENCY GENERATING SYSTEM THAT IS CAPABLE OF PROVIDING EMERGENCY POWER TO FUEL PUMPS AT A FILLING STATION OWNED BY THE TAXPAYER THAT IS LOCATED IN THIS STATE. A TAXPAYER MAY CLAIM CREDIT PURSUANT TO THIS SUBDIVISION FOR EACH EMERGENCY BACK-UP GENERATOR OR RENEWABLE EMERGENCY GENERATING SYSTEM INSTALLED AT A FILL- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08915-01-3
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