senate Bill S2520B

2013-2014 Legislative Session

Creates the clean fuel and job creation tax credit

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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 (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 09, 2014 print number 2520b
amend and recommit to energy and telecommunications
Jan 08, 2014 referred to energy and telecommunications
Feb 13, 2013 print number 2520a
amend (t) and recommit to finance
Feb 04, 2013 reported and committed to finance
Jan 18, 2013 referred to energy and telecommunications

Votes

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Feb 4, 2013 - Energy and Telecommunications committee Vote

S2520
10
0
committee
10
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 4, 2013

aye wr (1)

Co-Sponsors

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S2520 - Details

Law Section:
Public Service Law
Laws Affected:
Add §73, Pub Serv L; amd §§210 & 606, add §§41 & 187-t, Tax L

S2520 - Summary

Creates the clean fuel and job creation tax credit of 2014 to incentivize power plants to repower existing facilities or construct new facilities which use cleaner burning fuels or add significant pollution control technologies.

S2520 - Sponsor Memo

S2520 - Bill Text download pdf

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

                                  2520

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 18, 2013
                               ___________

Introduced  by  Sens. MAZIARZ, LARKIN, MARCELLINO, RANZENHOFER, RITCHIE,
  YOUNG -- 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
  creating the clean fuel and job creation tax credit of 2013 to  incen-
  tivize  power  plants  to repower existing facilities or construct new
  facilities  which  use  cleaner  burning  fuels  or  add   significant
  pollution control technologies

  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
ELECTRIC GENERATING FACILITIES THAT HAVE BEEN GRANTED A CLEAN  FUEL  AND
JOB  CREATION  TAX  CREDIT  AS  SUCH  CREDIT  IS  DESCRIBED  IN  SECTION
THIRTY-EIGHT OF THE TAX LAW. THE LIST SHALL INCLUDE THE LOCATION OF  THE
FACILITY RECEIVING THE CREDIT, A DESCRIPTION OF THE PROJECT TO WHICH THE
CREDIT RELATES, THE AMOUNT OF THE CREDIT, AND THE TAX YEAR FOR WHICH THE
CREDIT WAS GRANTED.
  S  2.  The  tax  law  is amended by adding a new section 38 to read as
follows:
  S 38. CLEAN FUEL AND JOB CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT.
A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A  OR  TWENTY-TWO  OF
THIS CHAPTER, WHICH IS AN ELECTRIC GENERATING FACILITY, SHALL BE ALLOWED
A  CREDIT  AGAINST  SUCH  TAX,  PURSUANT TO THE PROVISIONS REFERENCED IN
SUBDIVISION (C) OF THIS SECTION.    THE  CREDIT  SHALL  BE  ALLOWED  FOR
CERTAIN  INVESTMENTS  MADE  BY ANY MAJOR ELECTRIC GENERATING FACILITY IN
THE STATE SUCH AS REPOWERING PROJECTS, QUALIFIED  ENERGY  INFRASTRUCTURE
INVESTMENTS,  AND  QUALIFIED  NEW  CONSTRUCTION PROJECTS AS DESCRIBED IN
THIS SECTION. THE CREDIT SHALL BE AS FOLLOWS:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
S                                                          LBD05917-01-3

Co-Sponsors

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S2520A - Details

Law Section:
Public Service Law
Laws Affected:
Add §73, Pub Serv L; amd §§210 & 606, add §§41 & 187-t, Tax L

S2520A - Summary

Creates the clean fuel and job creation tax credit of 2014 to incentivize power plants to repower existing facilities or construct new facilities which use cleaner burning fuels or add significant pollution control technologies.

S2520A - Sponsor Memo

S2520A - Bill Text download pdf

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

                                 2520--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 18, 2013
                               ___________

Introduced  by  Sens.  MAZIARZ,  CARLUCCI,  DILAN,  LARKIN,  MARCELLINO,
  RANZENHOFER, RITCHIE, YOUNG -- read twice  and  ordered  printed,  and
  when printed to be committed to the Committee on Energy and Telecommu-
  nications  --  reported favorably from said committee and committed to
  the Committee  on  Finance  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to amend the public service law and the tax law, in relation to
  creating the clean fuel and job creation  tax  credit  to  incentivize
  power  plants  to repower existing facilities or construct new facili-
  ties which use cleaner burning  fuels  or  add  significant  pollution
  control technologies

  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
ELECTRIC GENERATING FACILITIES THAT HAVE BEEN GRANTED A CLEAN  FUEL  AND
JOB  CREATION  TAX  CREDIT  AS  SUCH  CREDIT  IS  DESCRIBED  IN  SECTION
THIRTY-EIGHT OF THE TAX LAW. THE LIST SHALL INCLUDE THE LOCATION OF  THE
FACILITY RECEIVING THE CREDIT, A DESCRIPTION OF THE PROJECT TO WHICH THE
CREDIT RELATES, THE AMOUNT OF THE CREDIT, AND THE TAX YEAR FOR WHICH THE
CREDIT WAS GRANTED.
  S  2.  The  tax  law  is amended by adding a new section 38 to read as
follows:
  S 38. CLEAN FUEL AND JOB CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT.
A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A  OR  TWENTY-TWO  OF
THIS CHAPTER, WHICH IS AN ELECTRIC GENERATING FACILITY, SHALL BE ALLOWED
A  CREDIT  AGAINST  SUCH  TAX,  PURSUANT TO THE PROVISIONS REFERENCED IN
SUBDIVISION (C) OF THIS SECTION.    THE  CREDIT  SHALL  BE  ALLOWED  FOR
CERTAIN  INVESTMENTS  MADE  BY ANY MAJOR ELECTRIC GENERATING FACILITY IN

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05917-02-3

Co-Sponsors

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S2520B (ACTIVE) - Details

Law Section:
Public Service Law
Laws Affected:
Add §73, Pub Serv L; amd §§210 & 606, add §§41 & 187-t, Tax L

S2520B (ACTIVE) - Summary

Creates the clean fuel and job creation tax credit of 2014 to incentivize power plants to repower existing facilities or construct new facilities which use cleaner burning fuels or add significant pollution control technologies.

S2520B (ACTIVE) - Sponsor Memo

S2520B (ACTIVE) - Bill Text download pdf

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

                                 2520--B

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 18, 2013
                               ___________

Introduced  by  Sens.  MAZIARZ,  CARLUCCI,  DILAN,  LARKIN,  MARCELLINO,
  RANZENHOFER, RITCHIE, YOUNG -- read twice  and  ordered  printed,  and
  when printed to be committed to the Committee on Energy and Telecommu-
  nications  --  reported favorably from said committee and committed to
  the Committee  on  Finance  --  committee  discharged,  bill  amended,
  ordered  reprinted  as  amended  and  recommitted to said committee --
  recommitted to the  Committee  on  Energy  and  Telecommunications  in
  accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to amend the public service law and the tax law, in relation to
  creating the clean fuel and job creation  tax  credit  to  incentivize
  power  plants  to repower existing facilities or construct new facili-
  ties which use cleaner burning  fuels  or  add  significant  pollution
  control technologies

  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
ELECTRIC GENERATING FACILITIES THAT HAVE BEEN GRANTED A CLEAN  FUEL  AND
JOB CREATION TAX CREDIT AS SUCH CREDIT IS DESCRIBED IN SECTION FORTY-ONE
OF  THE TAX LAW. THE LIST SHALL INCLUDE THE STREET ADDRESS AND COUNTY OF
THE FACILITY RECEIVING THE CREDIT, A DESCRIPTION OF THE PROJECT TO WHICH
THE CREDIT RELATES, THE AMOUNT OF THE CREDIT, AND THE TAX YEAR FOR WHICH
THE CREDIT WAS GRANTED.
  S 2. The tax law is amended by adding a new  section  41  to  read  as
follows:
  S 41. CLEAN FUEL AND JOB CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT.
A  TAXPAYER  SUBJECT  TO TAX UNDER ARTICLE NINE, NINE-A OR TWENTY-TWO OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05917-04-3

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