senate Bill S752A

2019-2020 Legislative Session

Relates to increasing the tax credit provided for solar energy system equipment

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Investigations And Government Operations 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 (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 04, 2020 print number 752a
Mar 04, 2020 amend (t) and recommit to investigations and government operations
Jan 08, 2020 referred to investigations and government operations
returned to senate
died in assembly
Apr 30, 2019 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.486
reported and committed to rules
Feb 05, 2019 referred to finance
Jan 09, 2019 referred to investigations and government operations

Votes

view votes

Apr 30, 2019 - Finance committee Vote

S752
21
0
committee
21
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Apr 30, 2019 - Rules committee Vote

S752
17
1
committee
17
Aye
1
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Feb 5, 2019 - Investigations and Government Operations committee Vote

S752
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 5, 2019

Co-Sponsors

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S752 - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6242
2013-2014: S1412
2015-2016: S1260
2017-2018: S4714

S752 - Summary

Relates to increasing the tax credit provided for solar energy system equipment from $5,000 to $10,000 and amends the definition of solar energy system equipment.

S752 - Sponsor Memo

S752 - Bill Text download pdf


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

                                   752

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  Sens. MONTGOMERY, ADDABBO, COMRIE, KENNEDY -- read twice
  and ordered printed, and when printed to be committed to the Committee
  on Investigations and Government Operations

AN ACT to amend the tax law, in relation to increasing  the  tax  credit
  provided  for solar energy system equipment from five thousand dollars
  to ten thousand dollars

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

  Section  1.  Paragraph 1 of subsection (g-1) of section 606 of the tax
law, as amended by chapter 375 of the laws of 2012, is amended  to  read
as follows:
  (1)  General. An individual taxpayer shall be allowed a credit against
the tax imposed by this article equal to twenty-five percent  of  quali-
fied  solar  energy system equipment expenditures, except as provided in
subparagraph (D) of paragraph two of this subsection. This credit  shall
not  exceed  three  thousand  seven  hundred fifty dollars for qualified
solar energy equipment placed in service  before  September  first,  two
thousand  six,  and  five  thousand  dollars  for qualified solar energy
equipment placed in service on or after September  first,  two  thousand
six  AND  PRIOR TO SEPTEMBER FIRST, TWO THOUSAND NINETEEN, AND TEN THOU-
SAND DOLLARS FOR QUALIFIED SOLAR ENERGY EQUIPMENT PLACED IN  SERVICE  ON
OR AFTER SEPTEMBER FIRST, TWO THOUSAND NINETEEN.
  § 2. This act shall take effect immediately and shall apply to taxable
years commencing on and after January 1, 2019.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03437-01-9

Co-Sponsors

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S752A (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6242
2013-2014: S1412
2015-2016: S1260
2017-2018: S4714

S752A (ACTIVE) - Summary

Relates to increasing the tax credit provided for solar energy system equipment from $5,000 to $10,000 and amends the definition of solar energy system equipment.

S752A (ACTIVE) - Sponsor Memo

S752A (ACTIVE) - Bill Text download pdf


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

                                 752--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  Sens.  MONTGOMERY,  ADDABBO,  COMRIE, GOUNARDES, KAPLAN,
  KENNEDY, MAY -- read twice and ordered printed, and when printed to be
  committed to the Committee on Investigations and Government Operations
  -- recommitted to the Committee on Investigations and Government Oper-
  ations  in  accordance  with  Senate  Rule  6,  sec.  8  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend the tax law, in relation to increasing the tax credit
  provided for solar energy system equipment from five thousand  dollars
  to  ten  thousand  dollars  and  the definition of solar energy system
  equipment

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

  Section  1.  Paragraph 1 of subsection (g-1) of section 606 of the tax
law, as amended by chapter 375 of the laws of 2012, is amended  to  read
as follows:
  (1)  General. An individual taxpayer shall be allowed a credit against
the tax imposed by this article equal to twenty-five percent  of  quali-
fied  solar  energy system equipment expenditures, except as provided in
subparagraph (D) of paragraph two of this subsection. This credit  shall
not  exceed  three  thousand  seven  hundred fifty dollars for qualified
solar energy equipment placed in service  before  September  first,  two
thousand  six,  and  five  thousand  dollars  for qualified solar energy
equipment placed in service on or after September  first,  two  thousand
six  AND  PRIOR  TO  JULY  FIRST,  TWO THOUSAND TWENTY, AND TEN THOUSAND
DOLLARS FOR QUALIFIED SOLAR ENERGY EQUIPMENT PLACED  IN  SERVICE  ON  OR
AFTER JULY FIRST, TWO THOUSAND TWENTY.
  § 2. Paragraph 3 of subsection (g-1) of section 606 of the tax law, as
amended  by  chapter  128  of  the  laws  of 2007, is amended to read as
follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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