What's happening
This bill adds clean environment and energy technologies, including pollution reduction, renewable energy, and smart grid systems, to New York's emerging technology classifications.
Why it matters
Expanding the definition of "emerging technologies" to include clean environment and energy solutions could unlock new state resources and incentives. for companies and innovators working in pollution reduction, renewables, and advanced energy management systems.
Recognizing these technologies as "emerging" may attract investment and spur job growth. in the green energy sector in New York, potentially making the state a more attractive hub for clean tech startups and partnerships.
Including smart grid and advanced energy control systems positions New York to modernize its electric grid. , which could lead to greater reliability, increased energy efficiency, and improved security for consumers—important as the state deals with climate change and energy transition challenges.
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Who cares
Headline styles
Update Clean Tech Definitions
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to internet and technology
- Reported and committed to finance
- Referred to internet and technology
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3587
2019-2020 Regular Sessions
IN SENATE
February 11, 2019
Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Internet and Technology
AN ACT to amend the public authorities law, in relation to emerging technology industrial classifications for clean environment and energy technologies
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph 6 of paragraph (b) of subdivision 1 of section 3102-e of the public authorities law, as added by section 3 of part I of chapter 407 of the laws of 1999 and as renumbered by section 4 of part D of chapter 59 of the laws of 2004, is amended and a new subparagraph 7 is added to read as follows:
(6) remanufacturing technologies, which shall be defined as processes whereby eligible commodities are restored to their original performance standards and are thereby diverted from the solid waste stream, retaining the majority of components that have been through at least one life cycle and replacing consumable portions to enable such commodities to be restored to their original functions. For the purposes of this subdivision, "eligible commodities" shall mean commodities (excluding paper) used in conjunction with or as a part of equipment performing the functions of facsimile machines, photocopiers, printers, duplication equipment, or any combination thereof, including, but not limited to the following: magnetic ink character recognition cartridges, photo conductor assemblies, electrostatic cartridges, thermal imaging cartridges, toner cartridges, ink jet cartridges, and printer cartridges. Provided further, that "eligible commodities" shall also include equipment used to record single frame images on film, where such equipment and film are marketed and sold as a single integrated consumer product, and where such equipment and film may be submitted in whole to a photograph processor for the purposes of processing[.]; and
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09574-01-9
S. 3587 2
(7) clean environment and energy technologies that involve new and innovative pollution reduction methods, renewable resource energy generation or storage, and energy efficiency measures such as smart grid, automated or computerized energy control systems designed to deliver electric generation to the end use customer in an integrated manner using the latest advances in digital and informational technology to improve electric system efficiency, reliability, and security.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the public authorities law, in relation to emerging technology industrial classifications for clean environment and energy technologies
Purpose or general idea of bill
The intent of this legislation is to add clean environmental and energy technologies to the list of emerging industrial classifications in New York State.
Summary of specific provisions
A new subparagraph seven is added to section 3102-e of the Public Authorities Law to read as follows:
(7) clean environment and energy technologies that involve new and inno- vative pollution reduction methods, renewable resource energy generation or storage, and energy efficiency measures such as smart grid, automated or computerized energy control systems designed to deliver electric generation to the end use customer in an integrated manner using the latest advances in digital and informational technology to improve elec- tric system efficiency.
Justification
The intent of this legislation is to add clean environmental and energy technologies to the list of emerging industrial classifications in New York State. This classification will allow entrepreneurs and business involved in cutting edge clean environmental and energy technologies to be certified as a "Qualified Emerging Technology Company" which would make them eligible for additional capital tax credits and investment opportunities.
Currently, for a company to be certified as by the NYS Commissioner of Tax and Finance for tax breaks as emerging technology company (QETC), the industry must: (i) be as defined under section 3102-e of the public authorities law (PAL); (ii) be located in New York State; and,
(iii) have total annual product sales of $10 million or less. The current emerging technologies under section 3102-e(1) (b) of the PAL those technologies related to: advanced materials and processing; engi- neering, production, and defense; electronic and photonic devices and components; information and communication technologies; biotechnologies; and, remanufacturing. In New York State, significant investment is already being made by businesses and utilities, as well as the New York State Energy and Research Development Authority (NYSERDA), the Empire State Development Corporation (ESDC), the Public Service Commission (PSC), the Division of Housing and Community Renewal (DHCR) and the New York. State Foundation for Science, Technology and Innovation (NYSTAR). In addition to State funding, there has also been increased funding available from the federal sources. This growth is expected to create new business opportunities and integrate clean environmental and energy technologies, practices and services across all sectors. While signif- icant investment is being made in New York, the State faces the threat of falling behind in the race to develop the clean environmental and energy technologies to other states such as California, Connecticut, Maine, Maryland, Massachusetts, New Jersey as well as several other states being to actively pursue supporting these technologies. If New York State fails to aggressively promote these technologies, it would mean a significant loss of revenue, but also a significant job loss from a sector that is actively working to train and develop a skilled work- force capable of supporting these industries.
Prior legislative history
2017/18: S3121 2015-2016: S.1526 - Referred to Commerce, Economic Development and Small Business 2013-2014: S.3206 -Died in Commerce 2011-2012: S.3371 - Died in Commerce, Ec Dev, Small Business 2010: S.8356 - Died in Rules
Fiscal implications for state and local governments
None.
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.