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
              

                       [ ] is old law to be omitted.
                                                            LBD03437-02-0

 S. 752--A                           2
 
   (3) Solar energy system  equipment.  The  term  "solar  energy  system
 equipment"  shall  mean  an  arrangement  or  combination  of components
 utilizing solar radiation, which, when installed in a residence, produc-
 es AND MAY STORE energy designed to provide heating, cooling, hot  water
 or electricity for use in such residence. Such arrangement or components
 MAY  INCLUDE ELECTRIC ENERGY STORAGE EQUIPMENT BUT shall not include ANY
 OTHER equipment connected to solar energy system  equipment  that  is  a
 component  of  part  or parts of a non-solar energy system or which uses
 any sort of recreational facility or  equipment  as  a  storage  medium.
 Solar  energy  system  equipment that generates electricity for use in a
 residence must conform to applicable requirements set forth  in  section
 sixty-six-j  of  the  public service law. Provided, however, where solar
 energy system equipment is purchased  and  installed  by  a  condominium
 management   association  or  a  cooperative  housing  corporation,  for
 purposes of this subsection only,  the  term  "ten  kilowatts"  in  such
 section sixty-six-j shall be read as "fifty kilowatts."
   § 3. This act shall take effect immediately and shall apply to taxable
 years commencing on and after January 1, 2020.