Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 28, 2014 |
print number 3724a |
Jan 28, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
May 21, 2013 |
reported and committed to finance |
Feb 12, 2013 |
referred to investigations and government operations |
Senate Bill S3724A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Actions
Votes
Bill Amendments
co-Sponsors
(R, C) Senate District
(R) Senate District
2013-S3724 - Details
2013-S3724 - Sponsor Memo
BILL NUMBER:S3724 TITLE OF BILL: An act to amend the tax law, in relation to providing a tax credit for the purchase of voltage regulation technology SUMMARY OF PROVISIONS: This bill amends the Tax Law. Section 1 amends Section 210 of the Tax Law, by adding a new subdivision 46 creating a credit for the purchase of voltage regulation technology. The section defines eligibility and other restrictions and requirements, and provides for a tax credit equal to fifty percent of the cost of voltage regulation technology, up to one thousand dollars, for all Purchases made by such taxpayer. Section 2 adds a new clause (xxxv) to section 606 of the Tax Law provid- ing for a credit for the purchase of voltage regulation technology under subsection (vv). Section 3 amends section 606 by adding a new subsection (vv). This subsection provides for a credit for the purchase of voltage regulation technology. The section defines eligibility and other restrictions and requirements, and provides for a tax credit equal to fifty percent of the purchase price of such technology up to a one thousand dollar limit for all purchases made by such taxpayer. Section 4 provides that this act shall take effect on the first of Janu-
2013-S3724 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3724 2013-2014 Regular Sessions I N S E N A T E February 12, 2013 ___________ Introduced by Sens. RANZENHOFER, LARKIN, MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to providing a tax credit for the purchase of voltage regulation technology THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 46 to read as follows: 46. CREDIT FOR THE PURCHASE OF VOLTAGE REGULATION TECHNOLOGY. (A) ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO FIFTY PERCENT OF THE COST OF VOLTAGE REGULATION TECHNOLOGY, AS PROVIDED IN PARAGRAPH (B) OF THIS SUBDIVISION, UP TO A ONE THOUSAND DOLLAR LIMIT FOR ALL PURCHASES MADE BY SUCH TAXPAYER DURING THE TAXABLE YEAR. (B) COST OF VOLTAGE REGULATION TECHNOLOGY. THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY SHALL ADOPT RULES AND REGULATIONS SETTING FORTH VOLTAGE REGULATION TECHNOLOGIES WHICH QUALIFY FOR THE CREDIT UNDER THIS SUBDIVISION, PROVIDED THAT SUCH TECHNOLOGIES SHALL BE REQUIRED TO IMPROVE GRID EFFICIENCY, RAISE OR LOWER VOLTAGE DYNAMICALLY AND BE AT LEAST NINETY-NINE PERCENT EFFICIENT ACROSS AT LEAST NINETY PERCENT OF THE ELECTRICAL LOAD CURVE. SUCH AUTHORITY SHALL DEVELOP A LIST OF SUCH IMPROVEMENTS AND PRODUCTS AND MAKE SUCH LIST AVAILABLE ON ITS WEBSITE. (C) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE HIGHER OF THE AMOUNTS PRESCRIBED IN PARAGRAPHS (C) AND (D) OF SUBDIVISION ONE OF THIS SECTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02564-02-3 S. 3724 2
co-Sponsors
(R, C) Senate District
(R) Senate District
2013-S3724A (ACTIVE) - Details
2013-S3724A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3724A TITLE OF BILL: An act to amend the tax law, in relation to providing a tax credit for the purchase of voltage regulation technology SUMMARY OF PROVISIONS: This bill amends the Tax Law. Section 1 amends Section 210 of the Tax Law, by adding a new subdivision 48 creating a credit for the purchase of voltage regulation technology. The section defines eligibility and other restrictions and requirements, and provides for a tax credit equal to fifty percent of the cost of voltage regulation technology, up to one thousand dollars, for all purchases made by such taxpayer. Section 2 adds a new clause (xxxvii) to section 606 of the Tax Law providing for a credit for the purchase of voltage regulation technology under subsection (xx). Section 3 amends section 606 by adding a new subsection (xx). This subsection provides for a credit for the purchase of voltage regulation technology. The section defines eligibility and other restrictions and requirements, and provides for a tax credit equal to fifty percent of the purchase price of such technology up to a one thousand dollar limit for all purchases made by such taxpayer. Section 4 provides that this act shall take effect on the first of
2013-S3724A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3724--A 2013-2014 Regular Sessions I N S E N A T E February 12, 2013 ___________ Introduced by Sens. RANZENHOFER, LARKIN, MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Commit- tee 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 providing a tax credit for the purchase of voltage regulation technology THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 48 to read as follows: 48. CREDIT FOR THE PURCHASE OF VOLTAGE REGULATION TECHNOLOGY. (A) ALLOWANCE AND AMOUNT OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO FIFTY PERCENT OF THE COST OF VOLTAGE REGULATION TECHNOLOGY, AS PROVIDED IN PARAGRAPH (B) OF THIS SUBDIVISION, UP TO A ONE THOUSAND DOLLAR LIMIT FOR ALL PURCHASES MADE BY SUCH TAXPAYER DURING THE TAXABLE YEAR. (B) COST OF VOLTAGE REGULATION TECHNOLOGY. THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY SHALL ADOPT RULES AND REGULATIONS SETTING FORTH VOLTAGE REGULATION TECHNOLOGIES WHICH QUALIFY FOR THE CREDIT UNDER THIS SUBDIVISION, PROVIDED THAT SUCH TECHNOLOGIES SHALL BE REQUIRED TO IMPROVE GRID EFFICIENCY, RAISE OR LOWER VOLTAGE DYNAMICALLY AND BE AT LEAST NINETY-NINE PERCENT EFFICIENT ACROSS AT LEAST NINETY PERCENT OF THE ELECTRICAL LOAD CURVE. SUCH AUTHORITY SHALL DEVELOP A LIST OF SUCH IMPROVEMENTS AND PRODUCTS AND MAKE SUCH LIST AVAILABLE ON ITS WEBSITE. (C) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02564-04-4
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.