Senate Bill S5106A

2019-2020 Legislative Session

Relates to credits against tax for homeowners and businesses who invest in green infrastructure

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue 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

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Bill Amendments

2019-S5106 - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§606 & 210-B, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: S5458
2021-2022: S5632
2023-2024: S7338

2019-S5106 - Summary

Relates to credits against tax for homeowners and businesses who invest in green infrastructure.

2019-S5106 - Sponsor Memo

2019-S5106 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5106
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               April 9, 2019
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation  to  credits  against  tax  for
   homeowners and businesses who invest in green infrastructure
 
   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 (jjj) to read as follows:
   (JJJ)  CREDIT FOR HOMEOWNERS AND BUSINESSES TO INVEST IN GREEN INFRAS-
 TRUCTURE. (1) HOMEOWNERS WHO CONSTRUCT GREEN INFRASTRUCTURE AS  PART  OF
 THEIR  REAL  PROPERTY,  DURING  THE  TAXABLE  YEAR, SHALL BE ELIGIBLE TO
 RECEIVE  A  TAX  CREDIT  FOR  UP  TO  FIFTY  PERCENT  OF  THE  COST   OF
 CONSTRUCTION, NOT EXCEEDING FIVE THOUSAND DOLLARS.
   (2)  BUSINESSES  WHO  CONSTRUCT  GREEN INFRASTRUCTURE AS PART OF THEIR
 REAL PROPERTY, DURING THE TAXABLE YEAR, SHALL BE ELIGIBLE TO  RECEIVE  A
 TAX  CREDIT  FOR  UP  TO  FIFTY PERCENT OF THE COST OF CONSTRUCTION, NOT
 EXCEEDING FIVE THOUSAND DOLLARS.
   (3) FOR PURPOSES OF THIS SUBSECTION, THE FOLLOWING  DEFINITIONS  SHALL
 APPLY:
   (A)  "HOMEOWNER"  IS DEFINED AS A NEW YORK RESIDENT FOR THE PAST TWEN-
 TY-FOUR MONTHS AND WHO OWNS A SINGLE FAMILY OR MULTI-FAMILY DWELLING FOR
 RESIDENTIAL PURPOSES WITHIN NEW YORK STATE.
   (B) "BUSINESS" SHALL MEAN ANY BUSINESS WHOSE PRINCIPAL PLACE OF  BUSI-
 NESS IS LOCATED IN NEW YORK STATE, AND HAS BEEN LOCATED IN THE STATE FOR
 THE PREVIOUS THIRTY-SIX MONTHS.
   (C)  "GREEN  INFRASTRUCTURE"  SHALL MEAN ANY COST-EFFECTIVE, RESILIENT
 APPROACH TO MANAGING WET WEATHER IMPACTS THAT  PROVIDES  MANY  COMMUNITY
 BENEFITS.  FOR EXAMPLE, WHILE SINGLE-PURPOSE GRAY STORMWATER INFRASTRUC-
 TURE, CONVENTIONAL  PIPED  DRAINAGE  AND  WATER  TREATMENT  SYSTEMS  ARE
 DESIGNED TO MOVE URBAN STORMWATER AWAY FROM THE BUILT ENVIRONMENT, GREEN
 INFRASTRUCTURE  REDUCES AND TREATS STORMWATER AT ITS SOURCE WHILE DELIV-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2019-S5106A (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§606 & 210-B, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: S5458
2021-2022: S5632
2023-2024: S7338

2019-S5106A (ACTIVE) - Summary

Relates to credits against tax for homeowners and businesses who invest in green infrastructure.

2019-S5106A (ACTIVE) - Sponsor Memo

2019-S5106A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5106--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               April 9, 2019
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Budget  and  Revenue  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the tax law, in relation  to  credits  against  tax  for
   homeowners and businesses who invest in green infrastructure
 
   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 (kkk) to read as follows:
   (KKK)  CREDIT FOR HOMEOWNERS AND BUSINESSES TO INVEST IN GREEN INFRAS-
 TRUCTURE. (1) HOMEOWNERS WHO CONSTRUCT GREEN INFRASTRUCTURE AS  PART  OF
 THEIR  REAL  PROPERTY,  DURING  THE  TAXABLE  YEAR, SHALL BE ELIGIBLE TO
 RECEIVE  A  TAX  CREDIT  FOR  UP  TO  FIFTY  PERCENT  OF  THE  COST   OF
 CONSTRUCTION, NOT EXCEEDING TEN THOUSAND DOLLARS.
   (2)  BUSINESSES  WHO  CONSTRUCT  GREEN INFRASTRUCTURE AS PART OF THEIR
 REAL PROPERTY, DURING THE TAXABLE YEAR, SHALL BE ELIGIBLE TO  RECEIVE  A
 TAX  CREDIT  FOR  UP  TO  FIFTY PERCENT OF THE COST OF CONSTRUCTION, NOT
 EXCEEDING TEN THOUSAND DOLLARS.
   (3) FOR PURPOSES OF THIS SUBSECTION, THE FOLLOWING  DEFINITIONS  SHALL
 APPLY:
   (A)  "HOMEOWNER"  IS DEFINED AS A NEW YORK RESIDENT FOR THE PAST TWEN-
 TY-FOUR MONTHS AND WHO OWNS A SINGLE FAMILY OR MULTI-FAMILY DWELLING FOR
 RESIDENTIAL PURPOSES WITHIN NEW YORK STATE.
   (B) "BUSINESS" SHALL MEAN ANY BUSINESS WHOSE PRINCIPAL PLACE OF  BUSI-
 NESS IS LOCATED IN NEW YORK STATE, AND HAS BEEN LOCATED IN THE STATE FOR
 THE PREVIOUS THIRTY-SIX MONTHS.
   (C)  "GREEN  INFRASTRUCTURE"  SHALL MEAN ANY COST-EFFECTIVE, RESILIENT
 APPROACH TO MANAGING WET WEATHER IMPACTS THAT  PROVIDES  MANY  COMMUNITY
 BENEFITS.  FOR EXAMPLE, WHILE SINGLE-PURPOSE GRAY STORMWATER INFRASTRUC-
 TURE, CONVENTIONAL  PIPED  DRAINAGE  AND  WATER  TREATMENT  SYSTEMS  ARE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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