senate Bill S2358A

2013-2014 Legislative Session

Creates a tax credit for the purchase and installation of a sun tunnel in a principal residence

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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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 26, 2014 print number 2358a
amend and recommit to investigations and government operations
Jan 08, 2014 referred to investigations and government operations
Jan 16, 2013 referred to investigations and government operations

S2358 - Details

See Assembly Version of this Bill:
A2608A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2011-2012 Legislative Session:
S4624, A7203

S2358 - Summary

Creates a tax credit for the purchase and installation of a sun tunnel in a principal residence.

S2358 - Sponsor Memo

S2358 - Bill Text download pdf

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

    S. 2358                                                  A. 2608

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            January 16, 2013
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed,  and  when  printed  to  be committed to the Committee on Investi-
  gations and Government Operations

IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once  and  referred
  to the Committee on Ways and Means

AN  ACT  to  amend the tax law, in relation to establishing a credit for
  the purchase and installation of a sun tunnel in a principal residence

  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 (g-3) to read as follows:
  (G-3) CREDIT FOR SUN TUNNEL PURCHASE AND INSTALLATION. (1) GENERAL.  A
TAXPAYER  SHALL  BE  ALLOWED  A CREDIT FOR TAXABLE YEARS BEGINNING ON OR
AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN AGAINST THE  TAX  IMPOSED  BY
THIS  ARTICLE FOR THE PURCHASE AND INSTALLATION OF A SUN TUNNEL EQUAL TO
OR BELOW A U-FACTOR OF 0.30 AND SOLAR HEAT GAIN  COEFFICIENT  (SHGC)  OF
0.30  BY A TAXPAYER IN HIS OR HER PRINCIPAL RESIDENCE, IF SUCH RESIDENCE
IS LOCATED WITHIN THE STATE. THE AMOUNT OF THE CREDIT  SHALL  BE  THIRTY
PERCENT  OF  THE  EXPENDITURE  INCURRED IN PURCHASING AND INSTALLING ANY
SUCH SUN TUNNEL, BUT NOT TO EXCEED THE MAXIMUM  CREDIT  OF  ONE  HUNDRED
FIFTY DOLLARS.
  (2) QUALIFIED SUN TUNNEL EXPENDITURES.
  (A)  THE  TERM  "QUALIFIED SUN TUNNEL EXPENDITURES" MEANS EXPENDITURES
FOR THE PURCHASE OF A SUN TUNNEL, MATERIALS  AND  LABOR  COSTS  PROPERLY
ALLOCABLE  TO  ON-SITE  PREPARATION, ASSEMBLY AND ORIGINAL INSTALLATION,
ARCHITECTURAL AND ENGINEERING SERVICES, AND DESIGNS AND  PLANS  DIRECTLY
RELATED TO THE INSTALLATION OF A SUN TUNNEL.
  (B)  SUCH  QUALIFIED  EXPENDITURES SHALL NOT INCLUDE INTEREST OR OTHER
FINANCE CHARGES.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06163-01-3

S2358A (ACTIVE) - Details

See Assembly Version of this Bill:
A2608A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2011-2012 Legislative Session:
S4624, A7203

S2358A (ACTIVE) - Summary

Creates a tax credit for the purchase and installation of a sun tunnel in a principal residence.

S2358A (ACTIVE) - Sponsor Memo

S2358A (ACTIVE) - Bill Text download pdf

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

    S. 2358--A                                            A. 2608--A

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            January 16, 2013
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed,  and  when  printed  to  be committed to the Committee on Investi-
  gations and Government 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

IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
  to the Committee on Ways and Means -- recommitted to the Committee  on
  Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend the tax law, in relation to establishing a credit for
  the purchase and installation of a sun tunnel in a principal residence

  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 (g-3) to read as follows:
  (G-3) CREDIT FOR SUN TUNNEL PURCHASE AND INSTALLATION. (1) GENERAL.  A
TAXPAYER  SHALL  BE  ALLOWED  A CREDIT FOR TAXABLE YEARS BEGINNING ON OR
AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN AGAINST THE  TAX  IMPOSED  BY
THIS  ARTICLE FOR THE PURCHASE AND INSTALLATION OF A SUN TUNNEL EQUAL TO
OR BELOW A U-FACTOR OF 0.30 AND SOLAR HEAT GAIN  COEFFICIENT  (SHGC)  OF
0.30  BY A TAXPAYER IN HIS OR HER PRINCIPAL RESIDENCE, IF SUCH RESIDENCE
IS LOCATED WITHIN THE STATE. THE AMOUNT OF THE CREDIT  SHALL  BE  THIRTY
PERCENT  OF  THE  EXPENDITURE  INCURRED IN PURCHASING AND INSTALLING ANY
SUCH SUN TUNNEL, BUT NOT TO EXCEED THE MAXIMUM  CREDIT  OF  ONE  HUNDRED
FIFTY DOLLARS.
  (2) QUALIFIED SUN TUNNEL EXPENDITURES.
  (A)  THE  TERM  "QUALIFIED SUN TUNNEL EXPENDITURES" MEANS EXPENDITURES
FOR THE PURCHASE OF A SUN TUNNEL, MATERIALS  AND  LABOR  COSTS  PROPERLY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06163-02-4

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