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Sponsors
31 Co-sponsors
- Joseph P. Addabbo Jr.
- Tony Avella
- Greg Ball
- Phil Boyle
- David Carlucci
- Martin Malavé Dilan
- Adriano Espaillat
- Hugh T. Farley
- Terry Gipson
- Mark Grisanti
- Kemp Hannon
- Brad Hoylman-Sigal
- Timothy M. Kennedy
- Liz Krueger
- William J. Larkin Jr.
- George Latimer
- Kenneth P. LaValle
- Carl L. Marcellino
- Jack M. Martins
- Velmanette Montgomery
- Ted O'Brien
- Thomas F. O'Mara
- Kevin S. Parker
- Bill Perkins
- Patty Ritchie
- Joseph E. Robach
- Diane J. Savino
- José M. Serrano
- Daniel L. Squadron
- Cecilia Tkaczyk
- David J. Valesky
History
- Print number 2522a
- Amend and recommit to energy and telecommunications
- Referred to energy and telecommunications
- Returned to senate
- Died in assembly
- Referred to energy
- Delivered to assembly
- Passed senateVote 62–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.307
- Reported and committed to finance
Show 1 earlier action
- Referred to energy and telecommunications
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2522A
Title of bill
An act to amend the public service law, the public authorities law and the tax law, in relation to establishing a solar incentive program and related tax credits
Purpose
To establish a solar incentive program that includes an extension of certain existing programs and the creation of new tax credits for solar and energy storage manufacturing facilities.
Summary of provisions
Sections 1 and 2 of the bill amend the public service law and the public authorities law to codify the recently instituted NY Sun Program.and to extend such program through calendar year 2023.
Sections 3, 4 & 5 of the bill amend various sections of the tax law to establish the qualified solar and energy storage manufacturer facilities and operations credit.
Section 6 of the bill is a severability clause.
Section 7 is the effective date.
Justification
New York State must take measures to ensure that it remains at the forefront of economical power generation and the delivery of alternative and cleaner power. This legislation provides appropriate incentives for solar power generation by including a long term strategy for solar expansion with an equally important goal of minimizing negative race payer impacts.
This legislation also seeks to capitalize on the growing solar and energy storage segments of the energy sector through an appropriate tax credit for manufacturer facilities. At the present time, New York State is experiencing a lag in the development of these segments of the renewable energy sector when compared to other states. Part of the problem has been that there is no clear incentive for businesses to make capital investments in solar and energy storage development. This is both a necessary and prudent step because it will help New York meet its goals for renewable energy. And, just as importantly, it will help to create solar and energy storage manufacturing and marketing jobs in New York State, rather than see them created in another state or even worse, another country.
Prior legislative history
New bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to taxable years commencing on or after January 1, 2014.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.