summary
Introduced
03/11/2022
03/11/2022
In Committee
03/11/2022
03/11/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to residential solar tax credits
AI Summary
This bill amends the New York state tax law to increase the maximum residential solar tax credit from $5,000 to $10,000 for solar energy system equipment placed in service on or after April 1, 2022. The bill also allows taxpayers who qualify as owners of a new business to receive any excess credit amount as a refund, instead of carrying it over to future tax years. The bill makes other changes to the definitions and requirements for the residential solar tax credit.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
REFERRED TO BUDGET AND REVENUE (on 03/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S8550 | 03/11/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08550&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08550 | 03/11/2022 |
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