Bill Text: NY A09232 | 2021-2022 | General Assembly | Introduced

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Bill Title: Expands the solar energy system equipment tax credit to cover solar energy system equipment installed in a community solar array; defines "community solar array" to mean a location other than a person's principal residence where solar energy system equipment is owned and installed for use in such person's principal residence.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-02-09 - referred to ways and means [A09232 Detail]

Download: New_York-2021-A09232-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9232

                   IN ASSEMBLY

                                    February 9, 2022
                                       ___________

        Introduced by M. of A. KELLES -- read once and referred to the Committee
          on Ways and Means

        AN  ACT  to amend the tax law, in relation to expanding the solar energy
          system equipment tax credit to cover  solar  energy  system  equipment
          installed in a community solar array

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraphs 3 and 4 of subsection (g-1) of  section  606  of
     2  the  tax  law, paragraph 3 as amended by chapter 128 of the laws of 2007
     3  and paragraph 4 as amended by chapter 378  of  the  laws  of  2005,  are
     4  amended to read as follows:
     5    (3)  Solar  energy  system  equipment.  The  term "solar energy system
     6  equipment" shall  mean  an  arrangement  or  combination  of  components
     7  utilizing  solar radiation, which, when installed in a residence or in a
     8  community solar array, produces  energy  designed  to  provide  heating,
     9  cooling,  hot  water or electricity for use in such residence or for use
    10  in a residence connected to a community solar array. Such arrangement or
    11  components shall not include equipment connected to solar energy  system
    12  equipment  that  is  a  component of part or parts of a non-solar energy
    13  system or which uses any sort of recreational facility or equipment as a
    14  storage medium. Solar energy system equipment that generates electricity
    15  for use in a residence must conform to applicable requirements set forth
    16  in section sixty-six-j of the public  service  law.  Provided,  however,
    17  where  solar  energy  system  equipment  is purchased and installed by a
    18  condominium management association or a cooperative housing corporation,
    19  for purposes of this subsection only, the term "ten kilowatts"  in  such
    20  section  sixty-six-j  shall  be  read  as  "fifty  kilowatts."   For the
    21  purposes of this  subsection,  "community  solar  array"  shall  mean  a
    22  location  other  than  a person's principal residence where solar energy
    23  system equipment is owned and installed for use in such person's princi-
    24  pal residence.
    25    (4)  Multiple  taxpayers.  Where  solar  energy  system  equipment  is
    26  purchased  and  installed in a principal residence shared by two or more
    27  taxpayers or in a community solar array, the amount of the credit allow-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14157-02-2
        A. 9232                             2

     1  able under this subsection for each  such  taxpayer  shall  be  prorated
     2  according  to  the  percentage  of  the total expenditure for such solar
     3  energy system equipment contributed by each taxpayer.
     4    § 2. This act shall take effect immediately and shall apply to taxable
     5  years commencing on and after January 1, 2022.