NY S09895

Prohibits state agencies and regulatory bodies from closing, decommissioning, or impairing operations of major electric generation facilities, peaker plants, or combustion turbines unless replacement generation capacity of equal or greater megawatts is already operational, with exceptions for voluntary company closures.

Prohibits state agencies and regulatory bodies from closing, decommissioning, or impairing operations of any major electric generation facility, peaker plant, or combustion turbine designated as a reliability source by the New York Independent System Operator, with exceptions for voluntary company closures.

Creates a tax credit for individual taxpayers with annual gross income not exceeding $250,000 covering 50 percent of costs to purchase and install residential auxiliary electric generating equipment, capped at $7,500.

Creates a tax credit of $10 per day for individual taxpayers with annual gross income not exceeding $250,000 for each day they experience a disruption in electric or gas service.

Allows both tax credits to be carried over for five years if they exceed annual tax liability, and makes excess credits refundable for taxable years beginning January 1, 2026 without interest.