Bill Text: NY A01782 | 2013-2014 | General Assembly | Amended

New York Assembly Bill 1782 (Prior Session Legislation)

Bill Title: Relates to increasing the tax credit provided for solar energy system equipment from $5000 to $10,000.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2014-07-25 - enacting clause stricken [A01782 Detail]

Download: New_York-2013-A01782-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        1782--A
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced by M. of A. MILLMAN, BRENNAN -- read once and referred to the
         Committee  on  Ways  and Means -- recommitted to the Committee on Ways
         and Means in accordance with Assembly Rule  3,  sec.  2  --  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
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Paragraph 1 of subsection (g-1) of section 606 of the tax
    2  law, as amended by chapter 375 of the laws of 2012, is amended  to  read
    3  as follows:
    4    (1)  General. An individual taxpayer shall be allowed a credit against
    5  the tax imposed by this article equal to twenty-five percent  of  quali-
    6  fied  solar  energy system equipment expenditures, except as provided in
    7  subparagraph (D) of paragraph two of this subsection. This credit  shall
    8  not  exceed  three  thousand  seven  hundred fifty dollars for qualified
    9  solar energy equipment placed in service  before  September  first,  two
   10  thousand  six,  and  five  thousand  dollars  for qualified solar energy
   11  equipment placed in service on or after September  first,  two  thousand
   12  six  AND  PRIOR TO SEPTEMBER FIRST, TWO THOUSAND FOURTEEN, AND TEN THOU-
   13  SAND DOLLARS FOR QUALIFIED SOLAR ENERGY EQUIPMENT PLACED IN  SERVICE  ON
   14  OR AFTER SEPTEMBER FIRST, TWO THOUSAND FOURTEEN.
   15    S 2. This act shall take effect immediately and shall apply to taxable
   16  years commencing on and after January 1, 2014.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01986-03-4