BILL NUMBER:  S4908

 TITLE OF BILL :

An act to amend the tax law, in relation to eliminating taxes on
alternative energies

 PURPOSE OR GENERAL IDEA OF BILL :

Eliminates taxes on alternative energies.

 SUMMARY OF SPECIFIC PROVISIONS :

Section 1: Amends Tax Law section 1115(a) by adding a new paragraph
44. Provides that alternative energies shall include those which do
not rely on petroleum or natural gas as their energy sources.

Section 2: Amends the Tax Law by adding a new section 289-g Provides
that any tax levied or imposed by this article shall not apply to
alternative energies.

Section 3. Effective Date

 EXISTING LAW :

None
              

 JUSTIFICATION :

With gas prices and oil imports rising dramatically with each passing
year, our national security and prosperity requires that we chart a
fresh course based upon renewable, cleaner energies.  Charting a
course towards renewable energy sources is clearly the way ahead in
the 21st Century. By eliminating these taxes, we will be able to
increase incentives for renewable energy production in our state. This
measure will also mobilize the scientific community, promote
production of fuel efficient technologies, encourage investment in
more efficient factories and appliances, and expand the development of
alternative energy sources such as wind, solar, and biofuels. This
bill is a cornerstone of the concept that energy independence equals
homeland security.

 PRIOR LEGISLATIVE HISTORY :

2016: S.144 - REFERRED TO ENERGY AND TELECOMMUNICATIONS
2015: S.144 - REFERRED TO ENERGY AND TELECOMMUNICATIONS
2014: S.461 - Referred to Energy and Telecommunications
2013: S.461 - Referred to Energy and Telecommunications
2012: S.289 - Referred to Energy and Telecommunications
2011: S.289 - Defeated in Energy and Telecommunications
2009-10. S.3150 - Referred to Energy and Telecommunications/A.4731
Held for Consideration in Ways and Means

 FISCAL IMPLICATIONS :

To be determined.

 EFFECTIVE DATE :
This act shall take effect immediately.