NY State Senate Bill S752

Archive: Last 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 - floor Vote

S752

floor

Aye

Nay

Absent

Excused

Abstained

Apr 30, 2019 - Finance committee Vote

S752

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Apr 30, 2019 - Rules committee Vote

S752

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Feb 5, 2019 - Investigations and Government Operations committee Vote

S752

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Bill Amendments

Original

A (Active)

Original

A (Active)

Co-Sponsors

S752 - Details

See Assembly Version of this Bill:: A6420
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, A9090
2013-2014: S1412, A1782
2015-2016: S1260, A9132
2017-2018: S4714, A5646
2021-2022: A4353
2023-2024: A292

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

 
BILL NUMBER: S752

SPONSOR: MONTGOMERY
 
TITLE OF BILL:

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

 
PURPOSE:

To increase the allowable tax credit for the installation of solar ener-
gy system equipment.

 
SUMMARY OF PROVISIONS:

Amends paragraph 1 of subsection (g-1) of section 606 of the tax law to
allow for a tax credit up to $10,000 for qualified solar energy equip-
ment placed in service on or after September 1, 2019.

EXISTING LAW:

The current tax credit cap for qualified solar energy equipment is
$5,002.

 
JUSTIFICATION:

The allowable personal tax credit for solar energy equipment has not
been increased since 2005 despite the fact that the purchase and instal-
lation costs remain higher than most New Yorkers can afford.

Solar energy technology has many advantages. It is a free and renewable
energy source; environmentally friendly (no noise or smells); reduces or
eliminates the cost of electricity; allows consumers to receive incen-
tives and rebates from governments and utility companies; reduces reli-
ance on foreign oil; and enables net metering, giving consumers the
opportunity to sell their excess electricity or get a credit from the
utility company.

Solar energy technology, however, still remains a costly alternative to
the use of readily available fossil fuel technologies. The greatest
obstacle to using this energy source is the initial cost of the equip-
ment used to harness the suns energy. By increasing the solar energy
equipment tax credit, more New Yorkers will be able to retrofit their
homes with solar energy systems. Consumer demand will drive down the
cost of solar panels, which will likely lead to an increase in solar
cells to generate electricity.

Qualified solar energy expenditures include material and installation
costs relating to components utilizing solar radiation to produce energy
designed to provide heating, cooling, hot water, or electricity for
residential use.

 
FISCAL IMPLICATIONS:

2008: 3.2 million; 2011: $4.0 million; the fiscal impact cannot be
determined because the number of taxpayers who would take advantage of
and qualify for a solar energy tax credit of an increased amount (up to
$10,000) is uncertain.
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
commencing on and after January 1, 2019.

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

S752A (ACTIVE) - Details

See Assembly Version of this Bill:: A6420
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, A9090
2013-2014: S1412, A1782
2015-2016: S1260, A9132
2017-2018: S4714, A5646
2021-2022: A4353
2023-2024: A292

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

 
BILL NUMBER: S752A

SPONSOR: MONTGOMERY
 
TITLE OF BILL:

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

 
PURPOSE:

To increase the allowable tax credit for the installation of solar ener-
gy system equipment.

 
SUMMARY OF PROVISIONS:

Amends paragraph 1 of subsection (g-1) of section 606 of the tax law to
allow for a tax credit up to $10,000 for qualified solar energy equip-
ment that produces and stores heating, cooling, hot water or electricity
placed in service on or after September 1, 2020.

 
EXISTING LAW:

The current tax credit cap for qualified solar energy equipment is
$5,002.

 
JUSTIFICATION:

The allowable personal tax credit for solar energy equipment has not
been increased since 2005 despite the fact that the purchase and instal-
lation costs remain higher than most New Yorkers can afford.  Solar
energy technology has many advantages. It is a free and renewable energy
source; environmentally friendly (no noise or smells); reduces or elimi-
nates the cost of electricity; allows consumers to receive incentives
and rebates from governments and utility companies; reduces reliance on
foreign oil; and enables net metering, giving consumers the opportunity
to sell their excess electricity or get a credit from the utility compa-
ny.

Solar energy technology, however, still remains a costly alternative to
the use of readily available fossil fuel technologies. The greatest
obstacle to using this energy source is the initial cost of the equip-
ment used to harness the suns energy. By increasing the solar energy
equipment tax credit, more New Yorkers will be able to retrofit their
homes with solar energy systems. Consumer demand will drive down the
cost of solar panels, which will likely lead to an increase in solar
cells to generate electricity.

Qualified solar energy expenditures include material and installation
costs relating to components utilizing solar radiation to produce energy
designed to provide heating, cooling, hot water, or electricity for
residential use.

The amended version of the bill expands the solar equipment to include
products that also store energy designed to provide heating, cooling,
hot water or electricity for use in one's residence.  Home batteries are
essential for resilient backup power and for using clean energy at
night. Despite the critical role of solar and storage, batteries are not

currently eligible for the solar tax credit. Making home batteries
eligible will help NY achieve its 2025 and 2030 storage target goals.

 
FISCAL IMPLICATIONS:

Uncertain.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
commencing on and after January 1, 2020.

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

                      [ ] 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.

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The New York State Senate

senate Bill S752

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Your Voice

Actions

Votes

Apr 30, 2019 - floor Vote

Floor Vote: Apr 30, 2019

Apr 30, 2019 - Finance committee Vote

Finance Committee Vote: Apr 30, 2019

Apr 30, 2019 - Rules committee Vote

Rules Committee Vote: Apr 30, 2019

Feb 5, 2019 - Investigations and Government Operations committee Vote

Investigations and Government Operations Committee Vote: Feb 5, 2019

Bill Amendments

Co-Sponsors

S752 - Details

S752 - Summary

S752 - Sponsor Memo

S752 - Bill Text download pdf

Co-Sponsors

S752A (ACTIVE) - Details

S752A (ACTIVE) - Summary

S752A (ACTIVE) - Sponsor Memo

S752A (ACTIVE) - Bill Text download pdf

Comments

senate Bill S752

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Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Your Voice

Actions

Votes

Apr 30, 2019 - floor Vote

Floor Vote: Apr 30, 2019

Apr 30, 2019 - Finance committee Vote

Finance Committee Vote: Apr 30, 2019

Apr 30, 2019 - Rules committee Vote

Rules Committee Vote: Apr 30, 2019

Feb 5, 2019 - Investigations and Government Operations committee Vote

Investigations and Government Operations Committee Vote: Feb 5, 2019

Bill Amendments

Co-Sponsors

S752 - Details

S752 - Summary

S752 - Sponsor Memo

S752 - Bill Text download pdf

Co-Sponsors

S752A (ACTIVE) - Details

S752A (ACTIVE) - Summary

S752A (ACTIVE) - Sponsor Memo

S752A (ACTIVE) - Bill Text download pdf

Comments