summary
Introduced
05/08/2023
05/08/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to residential solar tax credits
AI Summary
This bill amends the tax law to increase the amount of residential solar tax credits. Specifically, it increases the maximum credit for qualified solar energy system equipment expenditures from $5,000 to $10,000 for equipment placed in service on or after January 1, 2025. It also makes the credit refundable for low-to-moderate income taxpayers or those residing in disadvantaged communities, so that any excess credit over their tax liability can be refunded to them. The bill also makes some other technical changes to the existing solar energy system equipment tax credit.
Committee Categories
Budget and Finance
Sponsors (25)
Latrice Walker (D)*,
Didi Barrett (D),
Scott Bendett (R),
Keith Brown (R),
Chris Burdick (D),
Robert Carroll (D),
William Colton (D),
Brian Cunningham (D),
Maritza Davila (D),
Joe DeStefano (R),
Jeffrey Dinowitz (D),
Harvey Epstein (D),
Patricia Fahy (D),
Jessica González-Rojas (D),
Anna Kelles (D),
John McGowan (R),
Amy Paulin (D),
Linda Rosenthal (D),
Sarahana Shrestha (D),
Gina Sillitti (D),
Jo Anne Simon (D),
Tony Simone (D),
Matt Slater (R),
Steve Stern (D),
Fred Thiele (D),
Last Action
print number 6739b (on 02/08/2024)
Bill Topics
Energy
- ‐ Alternative and Renewable Energy
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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/2023/A6739 | 05/08/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A06739&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06739B | 02/09/2024 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A06739&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06739A | 10/12/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A06739&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06739 | 05/08/2023 |
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