senate Bill S2553

2013-2014 Legislative Session

Exempts energy star products from sales and use taxes

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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
Jan 08, 2014 referred to investigations and government operations
May 07, 2013 reported and committed to finance
Jan 22, 2013 referred to investigations and government operations

Votes

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May 7, 2013 - Investigations and Government Operations committee Vote

S2553
6
0
committee
6
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 7, 2013

aye wr (3)

Co-Sponsors

S2553 - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§210, 606, 1101, 1115 & 1139, add §1261-b, Tax L

S2553 - Summary

Exempts energy star products from sales and use taxes; grants credit for taxes paid on energy star products.

S2553 - Sponsor Memo

S2553 - Bill Text download pdf

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

                                  2553

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 22, 2013
                               ___________

Introduced by Sens. MARCELLINO, MAZIARZ -- read twice and ordered print-
  ed,  and  when  printed  to  be committed to the Committee on Investi-
  gations and Government Operations

AN ACT to amend the tax  law,  in  relation  to  exempting  energy  star
  products from sales and compensating use taxes; and granting credit or
  refund for taxes paid; and providing for reimbursement of such taxes

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 210 of the tax law  is  amended  by  adding  a  new
subdivision 46 to read as follows:
  46.  CREDIT  FOR  THE PURCHASE OR REPAIR OF ENERGY STAR PRODUCTS.  (A)
ALLOWANCE OF CREDIT. A TAXPAYER WHO, ON OR AFTER  OCTOBER  THIRTY-FIRST,
TWO  THOUSAND TWELVE AND BEFORE OCTOBER THIRTY-FIRST, TWO THOUSAND THIR-
TEEN, EITHER (I) PURCHASES  ENERGY  STAR  PRODUCTS,  OR  (II)  PAYS  FOR
REPAIRS TO ENERGY STAR PRODUCTS OWNED BY THE TAXPAYER SHALL BE ALLOWED A
CREDIT, TO BE COMPUTED AS PROVIDED IN PARAGRAPH (B) OF THIS SUBDIVISION,
AGAINST  THE  TAXES IMPOSED BY THIS ARTICLE, PROVIDED THAT SUCH TAXPAYER
HAS NOT APPLIED FOR OR RECEIVED A  REFUND  OF  SUCH  TAXES  PURSUANT  TO
SECTION ELEVEN HUNDRED THIRTY-NINE OF THIS CHAPTER. FOR PURPOSES OF THIS
SUBDIVISION, THE TERM "ENERGY STAR PRODUCTS" SHALL HAVE THE SAME MEANING
AS IN PARAGRAPH THIRTY-NINE OF SUBDIVISION (B) OF SECTION ELEVEN HUNDRED
ONE OF THIS CHAPTER.
  (B)  AMOUNT  OF CREDIT. THE AMOUNT OF CREDIT SHALL EQUAL THE AMOUNT OF
TAXES PAID BY THE TAXPAYER PURSUANT TO ARTICLES TWENTY-EIGHT  AND  TWEN-
TY-NINE  OF  THIS  CHAPTER  FOR  THE  PURCHASE  OR REPAIR OF ENERGY STAR
PRODUCTS, AS EVIDENCED BY DATED  RECEIPTS  LISTING  THE  VENDOR'S  NAME,
VENDOR'S  ADDRESS,  AND  THE AMOUNT OF SUCH TAX PAID, LESS ANY AMOUNT OF
SUCH TAXES THAT THE TAXPAYER DEDUCTED FOR FEDERAL INCOME TAX PURPOSES.
  (C) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER  THIS  SUBDIVISION
FOR  ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS
THAN THE HIGHER OF THE AMOUNTS PRESCRIBED IN PARAGRAPHS (C) AND  (D)  OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07232-01-3

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