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Sponsors
2 Co-sponsors
History
- Referred to environmental conservation
- Reported and committed to finance
- Referred to environmental conservation
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.
Establishes statewide green jobs development and recruitment strategy and creating tax credit incentives to attract green jobs
In Assembly Committee · Economic Development · Sponsor Brian Kolb
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4118
Title of bill
An act to amend the environmental conservation law, the state finance law, the tax law and the real property tax law, in relation to establishing a statewide green jobs development and recruitment strategy and creating tax credit incentives to attract green jobs
Purpose or general idea of bill
To promote green job development in New York State.
Summary of specific provisions
Section 1 requires the Department of Environmental Conservation in collaboration with the Department of Agriculture and Markets, the New York State Energy Research and Development Authority and the Empire State Development Corporation to establish a statewide green jobs development and recruitment strategy. Also defines green job as work in the environmental or agricultural sector of the economy including work in green development, green power production and/or any work utilizing green power at a minimum of 25 percent of total energy consumption. Defines green development as equipping or retrofitting buildings, homes and farms to increase energy efficiency, improving mass transit systems, improving electrical transmission systems, converting to green power or utilizing locally grown food products at a minimum of 10 percent of total products utilized. Defines green power as wind power, solar power, nuclear power, hydropower, natural gas, biofuels, anaerobic digestion and methane gas including landfills' capture of methane gas from decomposing waste.
Section 2 Extends the Linked Deposit Program for equipping businesses and farms with green technology including the purchase of anaerobic digesters or for switching commercial dairy operations to organic operations.
Sections 3 and 4 (g-3) Provide a green job tax credit to businesses for each full-time green job created or maintained equal to $1,500 or $2,000 for jobs with salaries over $40,000 (credit available for up to 5 years).
(g-4) Establishes a green power tax credit equal to $25 per employee for businesses that operate with at least 25 percent of their energy consumption coming from green power and $50 per employee for businesses that operate with 50 percent green power consumption.
(g-5) Provides a real property tax credit equal to 10 percent of Real Property Taxes paid, provided the business maintains employment at the level of or above when first applying for benefits under this article.
Section 5 Allows localities to exempt green power and green development projects for a home from real property tax.
Section 6 Exempts materials, products or services purchased for the purpose of green power or green development projects from state sales tax.
Sections 7 and 8 Allow localities to exempt green power and green development projects for a home or business from sales tax.
Section 9 Contains the effective date.
Justification
This will promote economic development through the creation of green jobs in the environmental and agricultural industries.
Prior legislative history
A.1260 (2011-12), Held in Economic Development A. 8744 (2009-10), Held in Economic Development
Fiscal implications
To be determined
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.