A7066A-2011 Actions

• Jun 19, 2012: held for consideration in ways and means
• May 21, 2012: print number 7066a
• May 21, 2012: amend and recommit to ways and means
• Jan 4, 2012: referred to ways and means
• Apr 11, 2011: referred to ways and means

A7066A-2011 Text

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

                                   7066--A

                         2011-2012 Regular Sessions

                            I N  ASSEMBLY

                               April 11, 2011
                                 ___________

  Introduced by M. of A. THIELE -- 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  commit-
    tee

  AN  ACT  to  amend  the  tax law, in relation to the solar energy system
    equipment tax credit

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


    Section  1.  Paragraph 8 of subsection (g-1) of section 606 of the tax
  law, as amended by chapter 378 of the laws of 2005 and as renumbered  by
  chapter 128 of the laws of 2007, is amended to read as follows:

    (8)  Carryover  of credit. If the amount of the credit, and carryovers
  of such credit, allowable under this subsection  for  any  taxable  year
  shall exceed the taxpayer's tax for such year, such excess amount may be
  carried  over to the [five] TEN taxable years next following the taxable
  year with respect to which the credit is allowed  and  may  be  deducted
  from the taxpayer's tax for such year or years.
    S 2. This act shall take effect immediately and shall apply to taxable
  years beginning on or after January 1, 2013.




   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD01243-03-2