NY State Senate Bill 2015-S4104A

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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 14, 2016	print number 4104a
Jan 14, 2016	amend and recommit to investigations and government operations
Jan 06, 2016	referred to investigations and government operations
Feb 27, 2015	referred to investigations and government operations

Bill Amendments

Original

A (Active)

2015-S4104 - Details

See Assembly Version of this Bill:: A7495
Current Committee:: Senate Investigations And Government Operations
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S1729
2019-2020: S1395

2015-S4104 - Summary

Establishes a senior citizen utility circuit breaker personal income tax credit.

2015-S4104 - Sponsor Memo

                                BILL NUMBER:S4104

TITLE OF BILL:  An act to amend the tax law, in relation to
establishing a senior utility circuit breaker personal income tax
credit

PURPOSE: Creates a circuit breaker refundable tax credit to provide
relief to seniors that pay a high percentage of their income in
utility costs.

SUMMARY OF PROVISIONS:

Section one of the bill amends section 606 of the tax law by adding a
new subdivision (ccc).  Paragraph one of the new subdivision defines
eligible taxpayer as individuals over 65 years of age with gross
incomes of $150,000 or less. It defines the eligible expenses as
including electricity, heating, residential gas, water and sewer
charges, and telephone services, with the exception of cell phone
services unless they are the sole means by which the taxpayer receives
telephonic services.

Paragraph two of the new subdivision explains the computation of the
credit, The credit shall be equal to one half of those eligible
expenses which exceed seven percent of a filers income. The credit
will deduct any funds received by an individual pursuant to the
low-income home energy assistance program.

Paragraph three of the new subdivision states that any amount of
credit allowed under this subsection that exceeds the qualified
taxpayers tax for that year shall be treated as an overpayment and
refunded.

Section two of the bill sets an immediate effective date.

JUSTIFICATION:  New Yorkers currently pay the highest electric bills
in the continental United States and the second highest in the nation,
60% above the national average. These circumstances are problematic
for all New Yorkers, but especially problematic for senior New
Yorkers.  Seniors' bills in the Consolidated Edison service territory
of NYC have increased by 20% or more over the past two years, and are
paying 102% more for their average electric bill than the average
customer across the nation.

Most seniors rely on fixed incomes, receiving on average $1,234 in
Social Security benefits and $516.90 in Supplemental Security Income
in NY. 30% of older households have total incomes of less than
$20,000, and they typically experience the greatest energy burden.

Unfortunately, the federal government's Home Energy Assistance Program
(HEAP) is down. Throughout the decade, the average HEAP federal block
grant amount has remained well below average heating costs faced by
older consumers. This means that even our neediest seniors are not
getting the support they need to help pay for New York's high utility
costs.

This proposal is meant to provide relief that is based on the income
burden a household faces. This senior utility circuit breaker would


deliver relief to any senior household that pays more than seven
percent of their annual income in utilities in the form of a
refundable tax credit. This proposal would provide a senior household
with relief equal to half of their expenses above the seven percent
threshold. For the purposes of this proposal, covered expenses would
include electricity charges, gas, heating charges, including the costs
of any fuels, water and sewer charges, internet, and telephone charges
excluding cell phone service. By linking this relief to income, we can
ensure that the benefits are provided to those that need it most.

LEGISLATIVE HISTORY:  This is a new bill.

FISCAL IMPLICATIONS:  Cost to be determined.

EFFECTIVE DATE:  This act shall take effect immediately

2015-S4104 - Bill Text download pdf

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

                                  4104

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 27, 2015
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to establishing a senior utili-
  ty circuit breaker personal income tax credit

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

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subdivision (ccc) to read as follows:
  (CCC) SENIOR UTILITY CIRCUIT BREAKER TAX CREDIT. (1) DEFINITIONS.  FOR
THE PURPOSES OF THIS SUBSECTION:
  (A) "QUALIFIED TAXPAYER" MEANS A RESIDENT INDIVIDUAL, MARRIED OR  HEAD
OF HOUSEHOLD TAXPAYER WHO IS OVER SIXTY-FIVE YEARS OF AGE, WITH A HOUSE-
HOLD GROSS INCOME OF ONE HUNDRED FIFTY THOUSAND DOLLARS OR LESS.
  (B)  "HOUSEHOLD"  OR  "MEMBERS  OF  THE  HOUSEHOLD"  MEANS A QUALIFIED
TAXPAYER AND ALL OTHER PERSONS, NOT NECESSARILY RELATED,  WHO  HAVE  THE
SAME RESIDENCE AND SHARE ITS FURNISHINGS, FACILITIES AND ACCOMMODATIONS.
SUCH  TERMS SHALL NOT INCLUDE A TENANT, SUBTENANT, ROOMER OR BOARDER WHO
IS NOT RELATED TO THE QUALIFIED TAXPAYER  IN  ANY  DEGREE  SPECIFIED  IN
PARAGRAPHS  ONE  THROUGH  EIGHT OF SUBSECTION (A) OF SECTION ONE HUNDRED
FIFTY-TWO OF THE INTERNAL REVENUE CODE. PROVIDED, HOWEVER, NO PERSON MAY
BE A MEMBER OF MORE THAN ONE HOUSEHOLD AT ONE TIME.
  (C) "HOUSEHOLD GROSS INCOME" MEANS THE AGGREGATE ADJUSTED GROSS INCOME
OF ALL MEMBERS OF THE HOUSEHOLD FOR THE TAXABLE  YEAR  AS  REPORTED  FOR
FEDERAL  INCOME  TAX  PURPOSES,  OR  WHICH WOULD BE REPORTED AS ADJUSTED
GROSS INCOME IF A FEDERAL INCOME TAX RETURN WERE REQUIRED TO  BE  FILED,
WITH  THE  MODIFICATIONS IN SUBSECTION (B) OF SECTION SIX HUNDRED TWELVE
OF THIS ARTICLE BUT WITHOUT THE MODIFICATIONS IN SUBSECTION (C) OF  SUCH
SECTION, PLUS ANY PORTION OF THE GAIN FROM THE SALE OR EXCHANGE OF PROP-
ERTY  OTHERWISE  EXCLUDED  FROM  SUCH AMOUNT; EARNED INCOME FROM SOURCES
WITHOUT THE UNITED  STATES  EXCLUDABLE  FROM  FEDERAL  GROSS  INCOME  BY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09183-01-5

S. 4104                             2

SECTION  NINE HUNDRED ELEVEN OF THE INTERNAL REVENUE CODE; SUPPORT MONEY
NOT INCLUDED IN  ADJUSTED  GROSS  INCOME;  NONTAXABLE  STRIKE  BENEFITS;
SUPPLEMENTAL  SECURITY  INCOME PAYMENTS; THE GROSS AMOUNT OF ANY PENSION
OR  ANNUITY  BENEFITS  TO THE EXTENT NOT INCLUDED IN SUCH ADJUSTED GROSS
INCOME (INCLUDING, BUT NOT LIMITED TO, RAILROAD RETIREMENT BENEFITS  AND
ALL  PAYMENTS  RECEIVED UNDER THE FEDERAL SOCIAL SECURITY ACT AND VETER-
ANS' DISABILITY PENSIONS); NONTAXABLE INTEREST RECEIVED FROM  THE  STATE
OF  NEW  YORK,  ITS AGENCIES, INSTRUMENTALITIES, PUBLIC CORPORATIONS, OR
POLITICAL SUBDIVISIONS (INCLUDING A PUBLIC CORPORATION CREATED  PURSUANT
TO  AGREEMENT OR COMPACT WITH ANOTHER STATE OR CANADA); WORKERS' COMPEN-
SATION; THE GROSS AMOUNT OF "LOSS-OF-TIME" INSURANCE; AND THE AMOUNT  OF
CASH PUBLIC ASSISTANCE AND RELIEF, OTHER THAN MEDICAL ASSISTANCE FOR THE
NEEDY,  PAID  TO OR FOR THE BENEFIT OF THE QUALIFIED TAXPAYER OR MEMBERS
OF HIS HOUSEHOLD. HOUSEHOLD GROSS INCOME SHALL NOT INCLUDE SURPLUS FOODS
OR OTHER RELIEF IN KIND OR PAYMENTS MADE TO INDIVIDUALS BECAUSE OF THEIR
STATUS AS VICTIMS OF  NAZI  PERSECUTION  AS  DEFINED  IN  P.L.  103-286.
PROVIDED,  FURTHER,  HOUSEHOLD  GROSS INCOME SHALL ONLY INCLUDE ALL SUCH
INCOME RECEIVED BY ALL MEMBERS OF THE HOUSEHOLD WHILE  MEMBERS  OF  SUCH
HOUSEHOLD.
  (D) "RESIDENCE" MEANS A DWELLING IN THIS STATE, WHETHER OWNED OR RENT-
ED.
  (E)  "ELIGIBLE  EXPENSES"  MEANS PAYMENTS MADE BY A QUALIFIED TAXPAYER
FOR THE FOLLOWING GOODS AND SERVICES DELIVERED AND USED AT  HIS  OR  HER
PRIMARY RESIDENCE:
  (I)  RESIDENTIAL  GAS,  ELECTRIC  AND  STEAM  UTILITY SERVICE WHICH IS
SUBJECT TO THE PROVISIONS OF ARTICLE TWO OF THE PUBLIC SERVICE LAW;
  (II) RESIDENTIAL WATER AND SEWER SERVICE;
  (III) HOME HEATING FUEL, WHICH SHALL INCLUDE  FUEL  OIL,  COAL,  WOOD,
PROPANE,  NATURAL  GAS,  ELECTRICITY, STEAM, KEROSENE AND ANY OTHER FUEL
WHEN USED FOR RESIDENTIAL HEATING PURPOSES; AND
  (IV) TELECOMMUNICATIONS SERVICES AS DEFINED IN PARAGRAPH (G) OF SUBDI-
VISION ONE OF SECTION ONE HUNDRED  EIGHTY-SIX-E  OF  THIS  CHAPTER,  AND
SHALL  NOT INCLUDE WIRELESS COMMUNICATIONS SERVICE, AS DEFINED BY SUBDI-
VISION TEN OF SECTION THREE HUNDRED ONE OF THE COUNTY LAW,  UNLESS  SUCH
WIRELESS  SERVICE  IS  THE  ONLY  MEANS  BY WHICH THE QUALIFIED TAXPAYER
RECEIVES TELEPHONIC SERVICES.
  (2) COMPUTATION OF CREDIT. FOR TAXABLE YEARS BEGINNING  ON  AND  AFTER
JANUARY  FIRST,  TWO  THOUSAND  FIFTEEN,  A  QUALIFIED TAXPAYER SHALL BE
ALLOWED A CREDIT, TO BE CREDITED AGAINST THE TAX IMPOSED BY  THIS  ARTI-
CLE. THE AMOUNT OF THE CREDIT SHALL BE ONE-HALF OF ALL ELIGIBLE EXPENSES
PAID  BY THE QUALIFIED TAXPAYER TO THE EXTENT SUCH EXPENSES EXCEED SEVEN
PERCENT OF THE QUALIFIED TAXPAYER'S HOUSEHOLD GROSS INCOME. SUCH  CREDIT
SHALL  BE  REDUCED BY THE AMOUNT OF ANY MONEYS RECEIVED BY THE QUALIFIED
TAXPAYER PURSUANT TO  THE  LOW-INCOME  HOME  ENERGY  ASSISTANCE  PROGRAM
ESTABLISHED PURSUANT TO SECTION NINETY-SEVEN OF THE SOCIAL SERVICES LAW.
  (3)  OVERPAYMENT.  IF  THE  AMOUNT  OF  THE  CREDIT ALLOWED UNDER THIS
SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED  THE  QUALIFIED  TAXPAYER'S
TAX  FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX
TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH SECTION SIX HUNDRED EIGHT-
Y-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID
THEREON.
  S 2. This act shall take effect immediately.

2015-S4104A (ACTIVE) - Details

See Assembly Version of this Bill:: A7495
Current Committee:: Senate Investigations And Government Operations
Law Section:: Tax Law
Laws Affected:: Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S1729
2019-2020: S1395

2015-S4104A (ACTIVE) - Summary

Establishes a senior citizen utility circuit breaker personal income tax credit.

2015-S4104A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S4104A

 TITLE OF BILL :  An act to amend the tax law, in relation to
establishing a senior utility circuit breaker personal income tax
credit

 PURPOSE :

Creates a circuit breaker refundable tax credit to provide relief to
seniors that pay a high percentage of their income in utility costs.

 SUMMARY OF PROVISIONS :

Section one of the bill amends section 606 of the tax law by adding a
new subdivision (ccc). Paragraph one of the new subdivision defines
eligible taxpayer as individuals over 65 years of age with gross
incomes of $150,000 or less. It defines the eligible expenses as
including electricity, heating, residential gas, water and sewer
charges, and telephone services, with the exception of cell phone
services unless they are the sole means by which the taxpayer receives
telephonic services.

Paragraph two of the new subdivision explains the computation of the
credit, The credit shall be equal to one half of those eligible
expenses which exceed seven percent of a filers income. The credit
will deduct any funds received by an individual pursuant to the

low-income home energy assistance program.

Paragraph three of the new subdivision states that any amount of
credit allowed under this subsection that exceeds the qualified
taxpayers tax for that year shall be treated as an overpayment and
refunded.

Section two of the bill sets an immediate effective date.

 JUSTIFICATION :

New Yorkers currently pay the highest electric bills in the
continental United States and the second highest in the nation, 60%
above the national average. These circumstances are problematic for
all New Yorkers, but especially problematic for senior New Yorkers.
Seniors' bills in the Consolidated Edison service territory of NYC
have increased by 20% or more over the past two years, and are paying
102% more for their average electric bill than the average customer
across the nation.

Most seniors rely on fixed incomes, receiving on average $1,234 in
Social Security benefits and $516.90 in Supplemental Security Income
in NY. 30% of older households have total incomes of less than
$20,000, and they typically experience the greatest energy burden.
Unfortunately, the federal government's Home Energy Assistance Program
(HEAP) is down. Throughout the decade, the average HEAP federal block
grant amount has remained well below average heating costs faced by
older consumers. This means that even our neediest seniors are not
getting the support they need to help pay for New York's high utility
costs.

This proposal is meant to provide relief that is based on the income
burden a household faces. This senior utility circuit breaker would
deliver relief to any senior household that pays more than seven
percent of their annual income in utilities in the form of a
refundable tax credit. This proposal would provide a senior household
with relief equal to half of their expenses above the seven percent
threshold. For the purposes of this proposal, covered expenses would
include electricity charges, gas, heating charges, including the costs
of any fuels, water and sewer charges, internet, and telephone charges
excluding cell phone service. By linking this relief to income, we can
ensure that the benefits are provided to those that need it most.

 LEGISLATIVE HISTORY :

This is a new bill.

 FISCAL IMPLICATIONS :

Cost to be determined.

 EFFECTIVE DATE :
This act shall take effect immediately

2015-S4104A (ACTIVE) - Bill Text download pdf

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

                                 4104--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 27, 2015
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment 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

AN ACT to amend the tax law, in relation to establishing a senior utili-
  ty circuit breaker personal income tax credit

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

  Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
subsection (ccc) to read as follows:
  (CCC) SENIOR UTILITY CIRCUIT BREAKER TAX CREDIT. (1) DEFINITIONS.  FOR
THE PURPOSES OF THIS SUBSECTION:
  (A)  "QUALIFIED TAXPAYER" MEANS A RESIDENT INDIVIDUAL, MARRIED OR HEAD
OF HOUSEHOLD TAXPAYER WHO IS OVER SIXTY-FIVE YEARS OF AGE, WITH A HOUSE-
HOLD GROSS INCOME OF ONE HUNDRED FIFTY THOUSAND DOLLARS OR LESS.
  (B) "HOUSEHOLD" OR  "MEMBERS  OF  THE  HOUSEHOLD"  MEANS  A  QUALIFIED
TAXPAYER  AND  ALL  OTHER PERSONS, NOT NECESSARILY RELATED, WHO HAVE THE
SAME RESIDENCE AND SHARE ITS FURNISHINGS, FACILITIES AND ACCOMMODATIONS.
SUCH TERMS SHALL NOT INCLUDE A TENANT, SUBTENANT, ROOMER OR BOARDER  WHO
IS  NOT  RELATED  TO  THE  QUALIFIED TAXPAYER IN ANY DEGREE SPECIFIED IN
PARAGRAPHS ONE THROUGH EIGHT OF SUBSECTION (A) OF  SECTION  ONE  HUNDRED
FIFTY-TWO OF THE INTERNAL REVENUE CODE. PROVIDED, HOWEVER, NO PERSON MAY
BE A MEMBER OF MORE THAN ONE HOUSEHOLD AT ONE TIME.
  (C) "HOUSEHOLD GROSS INCOME" MEANS THE AGGREGATE ADJUSTED GROSS INCOME
OF  ALL  MEMBERS  OF  THE HOUSEHOLD FOR THE TAXABLE YEAR AS REPORTED FOR
FEDERAL INCOME TAX PURPOSES, OR WHICH  WOULD  BE  REPORTED  AS  ADJUSTED
GROSS  INCOME  IF A FEDERAL INCOME TAX RETURN WERE REQUIRED TO BE FILED,
WITH THE MODIFICATIONS IN SUBSECTION (B) OF SECTION SIX  HUNDRED  TWELVE
OF  THIS ARTICLE BUT WITHOUT THE MODIFICATIONS IN SUBSECTION (C) OF SUCH

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09183-02-6

S. 4104--A                          2

SECTION, PLUS ANY PORTION OF THE GAIN FROM THE SALE OR EXCHANGE OF PROP-
ERTY OTHERWISE EXCLUDED FROM SUCH AMOUNT;  EARNED  INCOME  FROM  SOURCES
WITHOUT  THE  UNITED  STATES  EXCLUDABLE  FROM  FEDERAL  GROSS INCOME BY
SECTION  NINE HUNDRED ELEVEN OF THE INTERNAL REVENUE CODE; SUPPORT MONEY
NOT INCLUDED IN  ADJUSTED  GROSS  INCOME;  NONTAXABLE  STRIKE  BENEFITS;
SUPPLEMENTAL  SECURITY  INCOME PAYMENTS; THE GROSS AMOUNT OF ANY PENSION
OR ANNUITY BENEFITS TO THE EXTENT NOT INCLUDED IN  SUCH  ADJUSTED  GROSS
INCOME  (INCLUDING, BUT NOT LIMITED TO, RAILROAD RETIREMENT BENEFITS AND
ALL PAYMENTS RECEIVED UNDER THE FEDERAL SOCIAL SECURITY ACT  AND  VETER-
ANS'  DISABILITY  PENSIONS); NONTAXABLE INTEREST RECEIVED FROM THE STATE
OF NEW YORK, ITS AGENCIES, INSTRUMENTALITIES,  PUBLIC  CORPORATIONS,  OR
POLITICAL  SUBDIVISIONS (INCLUDING A PUBLIC CORPORATION CREATED PURSUANT
TO AGREEMENT OR COMPACT WITH ANOTHER STATE OR CANADA); WORKERS'  COMPEN-
SATION;  THE GROSS AMOUNT OF "LOSS-OF-TIME" INSURANCE; AND THE AMOUNT OF
CASH PUBLIC ASSISTANCE AND RELIEF, OTHER THAN MEDICAL ASSISTANCE FOR THE
NEEDY, PAID TO OR FOR THE BENEFIT OF THE QUALIFIED TAXPAYER  OR  MEMBERS
OF HIS HOUSEHOLD. HOUSEHOLD GROSS INCOME SHALL NOT INCLUDE SURPLUS FOODS
OR OTHER RELIEF IN KIND OR PAYMENTS MADE TO INDIVIDUALS BECAUSE OF THEIR
STATUS  AS  VICTIMS  OF  NAZI  PERSECUTION  AS  DEFINED IN P.L. 103-286.
PROVIDED, FURTHER, HOUSEHOLD GROSS INCOME SHALL ONLY  INCLUDE  ALL  SUCH
INCOME  RECEIVED  BY  ALL MEMBERS OF THE HOUSEHOLD WHILE MEMBERS OF SUCH
HOUSEHOLD.
  (D) "RESIDENCE" MEANS A DWELLING IN THIS STATE, WHETHER OWNED OR RENT-
ED.
  (E) "ELIGIBLE EXPENSES" MEANS PAYMENTS MADE BY  A  QUALIFIED  TAXPAYER
FOR  THE  FOLLOWING  GOODS AND SERVICES DELIVERED AND USED AT HIS OR HER
PRIMARY RESIDENCE:
  (I) RESIDENTIAL GAS, ELECTRIC  AND  STEAM  UTILITY  SERVICE  WHICH  IS
SUBJECT TO THE PROVISIONS OF ARTICLE TWO OF THE PUBLIC SERVICE LAW;
  (II) RESIDENTIAL WATER AND SEWER SERVICE;
  (III)  HOME  HEATING  FUEL,  WHICH SHALL INCLUDE FUEL OIL, COAL, WOOD,
PROPANE, NATURAL GAS, ELECTRICITY, STEAM, KEROSENE AND  ANY  OTHER  FUEL
WHEN USED FOR RESIDENTIAL HEATING PURPOSES; AND
  (IV) TELECOMMUNICATIONS SERVICES AS DEFINED IN PARAGRAPH (G) OF SUBDI-
VISION  ONE  OF  SECTION  ONE  HUNDRED EIGHTY-SIX-E OF THIS CHAPTER, AND
SHALL NOT INCLUDE WIRELESS COMMUNICATIONS SERVICE, AS DEFINED BY  SUBDI-
VISION  TEN  OF SECTION THREE HUNDRED ONE OF THE COUNTY LAW, UNLESS SUCH
WIRELESS SERVICE IS THE ONLY  MEANS  BY  WHICH  THE  QUALIFIED  TAXPAYER
RECEIVES TELEPHONIC SERVICES.
  (2)  COMPUTATION  OF  CREDIT. FOR TAXABLE YEARS BEGINNING ON AND AFTER
JANUARY FIRST, TWO THOUSAND  SIXTEEN,  A  QUALIFIED  TAXPAYER  SHALL  BE
ALLOWED  A  CREDIT, TO BE CREDITED AGAINST THE TAX IMPOSED BY THIS ARTI-
CLE. THE AMOUNT OF THE CREDIT SHALL BE ONE-HALF OF ALL ELIGIBLE EXPENSES
PAID BY THE QUALIFIED TAXPAYER TO THE EXTENT SUCH EXPENSES EXCEED  SEVEN
PERCENT  OF THE QUALIFIED TAXPAYER'S HOUSEHOLD GROSS INCOME. SUCH CREDIT
SHALL BE REDUCED BY THE AMOUNT OF ANY MONEYS RECEIVED BY  THE  QUALIFIED
TAXPAYER  PURSUANT  TO  THE  LOW-INCOME  HOME  ENERGY ASSISTANCE PROGRAM
ESTABLISHED PURSUANT TO SECTION NINETY-SEVEN OF THE SOCIAL SERVICES LAW.
  (3) OVERPAYMENT. IF THE  AMOUNT  OF  THE  CREDIT  ALLOWED  UNDER  THIS
SUBSECTION  FOR  ANY  TAXABLE YEAR SHALL EXCEED THE QUALIFIED TAXPAYER'S
TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF  TAX
TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH SECTION SIX HUNDRED EIGHT-
Y-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID
THEREON.
  S 2. This act shall take effect immediately.

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Senate Bill S4104A

Sponsored By

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

Bill Amendments

2015-S4104 - Details

2015-S4104 - Summary

2015-S4104 - Sponsor Memo

2015-S4104 - Bill Text download pdf

2015-S4104A (ACTIVE) - Details

2015-S4104A (ACTIVE) - Summary

2015-S4104A (ACTIVE) - Sponsor Memo

2015-S4104A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S4104A

Share this bill

Sponsored By

David Carlucci

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

Bill Amendments

2015-S4104 - Details

2015-S4104 - Summary

2015-S4104 - Sponsor Memo

2015-S4104 - Bill Text download pdf

2015-S4104A (ACTIVE) - Details

2015-S4104A (ACTIVE) - Summary

2015-S4104A (ACTIVE) - Sponsor Memo

2015-S4104A (ACTIVE) - Bill Text download pdf

Comments