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NY A02234
Bill
Status
Introduced
1/9/2013
Primary Sponsor
Clifford Crouch
Click for details
AI Summary
- Allows factories a tax credit of 35 percent of the cost of materials purchased for ventilation and illumination in factory work rooms that comply with Labor Law sections 257 and 299
- Defines qualifying materials as appliances and energy-using products including lamps, luminaries, fluorescent lamps, air conditioners, package terminal air conditioners, heat pumps, and furnaces
- Credit applies against most Article taxes except those imposed by sections 180, 181, 186-A, and 186-E of the tax law
- Unused credits that would reduce tax below the applicable minimum tax may be carried forward to subsequent taxable years
- Credit applies to materials placed in service during taxable years beginning January 1, 2013 or later
Legislative Description
Grants a tax credit for materials aiding the ventilation and illumination in factory work rooms during the manufacturing process; provides that the tax credit amount shall equal thirty-five percent of the cost of any such materials placed in service during the taxable year; further defines materials as appliances and energy using products by or for ventilation and illumination.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means1/9/2013
Full Bill Text
No bill text available