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Who cares
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Sponsors
1 Co-sponsor
History
- Print number 5074a
- Amend and recommit to energy and telecommunications
- Referred to energy and telecommunications
- Referred to energy and telecommunications
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 Assembly Committee · Ways And Means · Sponsor Steven Englebright
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 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 w arming and protecting our environment.
Legislative history
New bill.
Fiscal implications
None.
Effective date
This act shall take effect immediately, provided that section one of this act shall take effect on the first of January next succeeding the date on which this act 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.