Loading chat...
NY S08190
Bill
Status
Engrossed
6/30/2010
Primary Sponsor
Antoine Thompson
Click for details
AI Summary
- Expands New York State tax credits for solar energy system equipment to include leasing arrangements and power purchase agreements, in addition to equipment purchases
- Allows tax credits for leasing solar equipment under written agreements spanning at least ten years where equipment is owned by someone other than the taxpayer
- Allows tax credits for purchasing power generated by solar equipment under written agreements spanning at least ten years where equipment is owned by someone other than the taxpayer
- Qualifies expenditures for leases and power purchases to include all payments made during the initial agreement term, including upfront amounts
- Applies retroactively to January 1, 2010, and takes effect immediately upon enactment
Legislative Description
Relates to tax credits provided for solar energy system equipment; provides credit for the lease of solar energy equipment and the purchase of power generated by solar equipment.
Last Action
referred to ways and means
7/1/2010
Committee Referrals
Ways and Means7/1/2010
Rules6/15/2010
Full Bill Text
No bill text available