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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to the qualified solar and fuel cell manufacturer facilities and operations credit
Purpose
To provide a tax credit to encourage alternative energy developers to invest in alternative energy development in New York State.
Summary of provisions
The legislation creates a 25% capital investment refundable tax credit and 10% marketing tax credit for solar and fuel cell development.
Existing law
Does not provide a tax credit for this service.
Justification
New York should encourage alternative energy production. This is one method that can be done.
Legislative history
S.8511 - Passed Senate (62-0) - Referred to Assembly Ways & Means
Fiscal implications
To be determined.
Local fiscal implications
None.
Effective date
Immediately and apply to fiscal years commencing 1/1/2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.