S6213-2011 Actions

• Jan 13, 2012: REFERRED TO CITIES

S6213-2011 Memo

BILL NUMBER:S6213

TITLE OF BILL:
An act
to amend the general city law, in relation to providing for the
granting of a deduction on city
personal income tax for home energy conservation expenses

PURPOSE OR GENERAL IDEA OF BILL:
This bill adds a new paragraph to Section 25-A of the General City Law
to allow owners of one, two or three family houses which are owner
occupied to deduct from his federal adjusted gross income, the cost
of providing energy conservation improvements to his horne.

JUSTIFICATION:
The purpose of this bill is to encourage energy conservation by
homeowners and increase savings. Under this legislation New York city
homeowners will be allowed income tax deductions for expenses such as
weather stripping, storm windows and doors, modernization of heating
plants and other energy conservation expenses. Hopefully these
savings will be used for other much needed purchases further
stimulating New York's economy.

PRIOR LEGISLATIVE HISTORY:
2009 - Referred to Cities
2008 - Committed to Finance
2007 - Referred to Cities
2006 - Referred to Cities
2005 - Referred to Cities
2004 - Referred to Cities
2003 - Referred to cities
2002 - Referred to Cities
2001 - Referred to Cities
2000 - Referred to Cities
1999 - Referred to Cities
1998 - Referred to Cities
1997 - Referred to Cities

FISCAL IMPLICATIONS:
Not known.

EFFECTIVE DATE:
The first of January next succeeding the date it shall have become law.

S6213-2011 Text

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

                                    6213

                              I N  SENATE

                              January 13, 2012
                                 ___________

  Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
    printed to be committed to the Committee on Cities

  AN ACT to amend the general city law, in relation to providing  for  the
    granting  of  a  deduction on city personal income tax for home energy
    conservation expenses

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


    Section  1.  The  third  undesignated paragraph of section 25-a of the
  general city law is amended by adding a new subparagraph (d) to read  as
  follows:

    (D)  SUCH LOCAL LAW MAY BE FURTHER AMENDED TO PROVIDE THAT AN INDIVID-
  UAL WHO IS OWNER OCCUPANT OF A ONE, TWO,  THREE  OR  FOUR  FAMILY  HOUSE
  SHALL BE ENTITLED TO SUBTRACT FROM HIS FEDERAL ADJUSTED GROSS INCOME THE
  EXPENSES  OF  PROVIDING  ENERGY  CONSERVATION  IMPROVEMENTS FOR HIS HOME
  INCLUDING WEATHER STRIPPING, STORM WINDOWS AND DOORS,  MODERNIZATION  OF
  HEATING PLANTS AND SUCH OTHER HOME ENERGY CONSERVATION EXPENSES AS SHALL
  BE DEEMED ALLOWABLE PURSUANT TO THE PROVISIONS OF SUCH LOCAL LAW.
    S  2. This act shall take effect on the first of January next succeed-
  ing the date on which it shall have become a law.






   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD06406-01-1