Bill > A03600

This bill creates a small business electric energy tax credit in New York state. The credit is equal to $0.02 per kilowatt hour of business-related electricity usage at the taxpayer's primary business location, up to a maximum of 19 full-time equivalent employees. The bill specifies that sole proprietors whose primary business location is part of their residence are not eligible for the credit. The credit can be claimed against the state's corporate franchise tax or personal income tax, and any excess credit can be treated as an overpayment to be refunded.