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 Committee


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

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Actions

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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

Bill Amendments

Original
A (Active)
Original
A (Active)

S2358 - Bill 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 - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S2358

TITLE OF BILL: 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

PURPOSE OR GENERAL IDEA OF BILL: Establishes a tax credit for the
purchase and installation of a sun tunnel.

SUMMARY OF SPECIFIC PROVISIONS: Amends Section 606 of the tax law by
adding a new subsection (g-3) to provide for a tax credit for the
purchase and installation of a qualified sun tunnel.

JUSTIFICATION: Sun tunnels are an environmentally friendly lighting
solution. Installation and use of these devices significantly reduce
energy costs while experiencing the benefits of natural light.

This legislation establishes a tax credit for the purchase and
installation of a sun tunnel in a principal residence. Such sun tunnel
must have a U-factor equal to or below 0.30 and solar health gain
coefficient of 0.30. The amount of the credit shall be 30% of the
qualified expenditures incurred in purchasing and installing any such
sun tunnel not to exceed a maximum credit of $ 150.

This credit shall be provided in the taxable year commencing in which
the sun tunnel is installed beginning on or after January 1, 2013.
Excess credit may be carried over to the five taxable years next
following the taxable year with respect to which the credit is allowed
and may be deducted from the taxpayer's tax for such year or years.

Establishing a New York State tax credit for the purchase and
installation of sun tunnels would further promote energy efficiency
while saving homeowners money on utility bills.

PRIOR LEGISLATIVE HISTORY: 2011-12: A.7203/S.4624

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: This act shall take effect on January 1, 2013;
provided, however, if this act shall become a law after such date it
shall take effect immediately and shall be deemed to have been in full
force and effect on and after January 1, 2013.

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                    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

S. 2358                             2                            A. 2608

  (3) MULTIPLE TAXPAYERS. WHERE A SUN TUNNEL IS PURCHASED AND  INSTALLED
IN  A PRINCIPAL RESIDENCE SHARED BY TWO OR MORE TAXPAYERS, THE AMOUNT OF
THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR EACH SUCH TAXPAYER SHALL BE
PRORATED ACCORDING TO THE PERCENTAGE OF THE TOTAL EXPENDITURE  FOR  SUCH
SUN TUNNEL CONTRIBUTED BY EACH TAXPAYER.
  (4)  WHEN  CREDIT  ALLOWED.  THE  CREDIT  PROVIDED FOR HEREIN SHALL BE
ALLOWED WITH RESPECT TO THE TAXABLE YEAR COMMENCING  IN  WHICH  THE  SUN
TUNNEL IS INSTALLED.
  (5)  CARRYOVER  OF CREDIT. IF THE AMOUNT OF THE CREDIT, AND CARRYOVERS
OF SUCH CREDIT, ALLOWABLE UNDER THIS SUBSECTION  FOR  ANY  TAXABLE  YEAR
SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, SUCH EXCESS AMOUNT MAY BE
CARRIED  OVER  TO THE FIVE TAXABLE YEARS NEXT FOLLOWING THE TAXABLE YEAR
WITH RESPECT TO WHICH THE CREDIT IS ALLOWED AND MAY BE DEDUCTED FROM THE
TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
  S 2. This act shall take effect on January 1, 2013; provided, however,
if this act shall become a law after such  date  it  shall  take  effect
immediately and shall be deemed to have been in full force and effect on
and after January 1, 2013.

S2358A (ACTIVE) - Bill 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) - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S2358A

TITLE OF BILL: 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

PURPOSE: Establishes a tax credit for the purchase and installation
of a sun tunnel.

SUMMARY OF PROVISIONS: Amends Section 606 of the tax law by adding a
new subsection (g-3) to provide for a tax credit for the purchase and
installation of a qualified sun tunnel.

JUSTIFICATION: Sun tunnels are an environmentally friendly lighting
solution. Installation and use of these devices significantly reduce
energy costs while experiencing the benefits of natural light.

This legislation establishes a tax credit for the purchase and
installation of a sun tunnel in a principal residence. Such sun tunnel
must have a U-factor equal to or below 0.30 and solar heat gain
coefficient of 0.03. The amount of the credit shall be 30% of the
qualified expenditures incurred in purchasing and installing any such
sun tunnel not to exceed a maximum credit of $150.

This credit shall be provided in the taxable year commencing in which
the sun tunnel is installed beginning on or after January 1, 2014.
Excess credit may be carried over to the give taxable years next
following the taxable year with respect to which the credit is allowed
and may be deducted from the taxpayer's tax for such year or years.

Establishing a New York State tax credit for the purchase and
installation of sun tunnels would further promote energy efficiency
while saving homeowners money on utility bills.

LEGISLATIVE HISTORY: New legislation.

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: This act shall take effect immediately and shall be
deemed to have been in full force and effect on and after January 1,
2014.

view full 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

S. 2358--A                          2                         A. 2608--A

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.
  (3) MULTIPLE TAXPAYERS. WHERE A SUN TUNNEL IS PURCHASED AND  INSTALLED
IN  A PRINCIPAL RESIDENCE SHARED BY TWO OR MORE TAXPAYERS, THE AMOUNT OF
THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR EACH SUCH TAXPAYER SHALL BE
PRORATED ACCORDING TO THE PERCENTAGE OF THE TOTAL EXPENDITURE  FOR  SUCH
SUN TUNNEL CONTRIBUTED BY EACH TAXPAYER.
  (4)  WHEN  CREDIT  ALLOWED.  THE  CREDIT  PROVIDED FOR HEREIN SHALL BE
ALLOWED WITH RESPECT TO THE TAXABLE YEAR COMMENCING  IN  WHICH  THE  SUN
TUNNEL IS INSTALLED.
  (5)  CARRYOVER  OF CREDIT. IF THE AMOUNT OF THE CREDIT, AND CARRYOVERS
OF SUCH CREDIT, ALLOWABLE UNDER THIS SUBSECTION  FOR  ANY  TAXABLE  YEAR
SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, SUCH EXCESS AMOUNT MAY BE
CARRIED  OVER  TO THE FIVE TAXABLE YEARS NEXT FOLLOWING THE TAXABLE YEAR
WITH RESPECT TO WHICH THE CREDIT IS ALLOWED AND MAY BE DEDUCTED FROM THE
TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
  S 2. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect on and after January 1, 2014.

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