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Who cares
Headline styles
Sponsors
13 Co-sponsors
History
- Held for consideration in ways and means
- Print number 7672a
- Amend and recommit to ways and means
- Referred to ways and means
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Exempts the sale and installation of commercial solar energy systems equipment from state sales and compensating use taxes; grants localities option to exempt
In Senate Committee · Energy And Telecommunications · Sponsor Antoine M. Thompson
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A7672A
Title of bill
An act to amend the tax law, in relation to exempting the sale and installation of commercial solar energy systems equipment from state sales and compensating use taxes and granting municipalities the option to grant such exemption
Purpose or general idea of the bill
exempts the sale and installation of commercial solar energy systems equipment from sales and compensating use taxes
Summary of provisions
Receipts from the retail sale of commercial solar energy systems equipment and the service of installing such systems, provided by a retailer that has certified to the department that such systems are installed by workers who are residents of the state, shall be exempt from taxes imposed by sections eleven hundred five and eleven hundred eleven of this article. For the purposes of this subdivision, commercial solar energy systems equipment shall mean an arrangement or combination of components installed upon non-residential premises that utilize solar radiation to produce energy designed to provide heating, cooling, hot water/or electricity. Such arrangement or components shall not include equipment that is part, of a non-solar energy system.
Justification
In his Annual State of the State address, Governor Patterson outlined his aggressive plan to meet 45% of New York State's electricity needs through clean renewable energy and improved energy efficiency by 2015. If we are to achieve this goal then we must provide incentives to encourage businesses to install solar energy systems just as we have done with homeowners. Currently, businesses must pay state and local taxes that can add thousands of dollars onto an installation that is already very costly. Eliminating all state sales taxes and providing local municipalities an option to eliminate their portion as well, will encourage more commercial solar installations. Coupled with the state's new net-metering legislation for commercial consumers, a commercial sales tax exemption will provide a more realistic investment climate for businesses. Because of their size, the installation of commercial solar energy systems will significantly advance New York State's obligation to meet its Renewable Portfolio Standard of renewable energy sources by 2015. A commercial solar sales tax exemption will help to stimulate and rebuild our economy, create green collar jobs and reduce our dependence on foreign oil while fighting global warming and protecting our environment.
Legislative history
New bill.
Fiscal implications
None.
Effective date
This resolution shall take effect January 1, (insert the year, but no earlier than the year 2011) and shall apply to sales made, services rendered and uses occurring on and after that date in accord- ance with the applicable transitional provisions in sections 1106, 1216 and 1217 of the New York tax Law. This act shall take effect on the
first of January next succeeding date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.