|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jun 02, 2014 |
referred to ways and means delivered to assembly passed senate |
| May 28, 2014 |
advanced to third reading |
| May 21, 2014 |
2nd report cal. |
| May 20, 2014 |
1st report cal.841 |
| Apr 29, 2014 |
reported and committed to finance |
| Jan 31, 2014 |
print number 3651a |
| Jan 31, 2014 |
amend and recommit to investigations and government operations |
| Jan 08, 2014 |
referred to investigations and government operations returned to senate died in assembly |
| Jun 12, 2013 |
referred to ways and means delivered to assembly passed senate |
| Jun 11, 2013 |
ordered to third reading cal.1256 reported and committed to rules |
| May 21, 2013 |
reported and committed to finance |
| Feb 08, 2013 |
referred to investigations and government operations |
Senate Bill S3651A
2013-2014 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2013-S3651 - Details
2013-S3651 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
S. 3651 A. 4701
2013-2014 Regular Sessions
S E N A T E - A S S E M B L Y
February 8, 2013
___________
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Investi-
gations and Government Operations
IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred
to the Committee on Ways and Means
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, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08226-01-3
2013-S3651A (ACTIVE) - Details
2013-S3651A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3651A
TITLE OF BILL: An act to amend the tax law, in relation to the solar
energy system equipment tax credit
PURPOSE: This legislation extends the solar energy system equipment tax
credit carryover period from five to ten years.
SUMMARY OF PROVISIONS: 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 extend the
solar energy system equipment tax credit carryover period from five to
ten taxable years.
JUSTIFICATION: New York's solar energy system equipment tax credit
provides individuals with an incentive to choose to invest in photovol-
taic systems as an alternative energy choice. The current credit system,
subject to certain limits, is 25% of the qualified solar energy system
equipment expenditures for the purchase and installation of a system
that uses solar radiation to produce energy for heating, cooling, hot
water or electricity for residential se. If the credit is greater than
the amount of taxes owed, the balance will not be refunded. However, any
credit amount in excess of the tax due can be carried over for a maximum
of up to five years. In some cases, individuals with lower incomes would
not have enough income tax liability over a five-year period to claim
the full amount of the individual credit This legislation will extend
2013-S3651A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
S. 3651--A A. 4701--A
2013-2014 Regular Sessions
S E N A T E - A S S E M B L Y
February 8, 2013
___________
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Investi-
gations and Government Operations -- recommitted to the Committee on
Investigations and Government Operations in accordance with Senate
Rule 6, sec. 8 -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
IN ASSEMBLY -- 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 committee
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, 2015.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08226-02-4
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