senate Bill S752

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 - Passed Senate


  • 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
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

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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 Finance 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 Rules 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 Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: Feb 5, 2019

Co-Sponsors

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S752 (ACTIVE) - Details

See Assembly Version of this Bill:
A6420
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6242, A9090
2013-2014: S1412, A1782
2015-2016: S1260, A9132
2017-2018: S4714, A5646

S752 (ACTIVE) - Summary

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

S752 (ACTIVE) - Sponsor Memo

S752 (ACTIVE) - 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

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