Tax credits and info for NY State

There's a Government_Incentives section in our Toyota_Prius_FAQ.
In it, there's a link to the Union of Concerned Scientists - State and Federal Hybrid Incentives where you can lookup available incentives by state.

As it turns out, a quick scan shows NY has numerous incentives. B)

 

I looked over the various tax forms and web sites, and it looks like 2004 was the last year for a tax credit. Look at the form IT-253 for 2005: 2005 Form IT-253 (PDF)

 

Bill A04456 seeks to extend these credits to 2010.

I recommend contacting your state senator and ask him/her to support the bill. B)


Go to NY - Bill Status Search by Bill Number and enter "A04456".


STATUS:
A4456 Diaz R (MS)
Tax Law
TITLE....Includes vehicles that meet the clean vehicle standards within provisions establishing tax credits for alternative fuel vehicles

02/10/05 referred to ways and means
01/04/06 referred to ways and means

--------------------------------------------------------------------------------
BILL TEXT:


STATE OF NEW YORK
________________________________________________________________________

4456

2005-2006 Regular Sessions

IN ASSEMBLY

February 10, 2005
___________

Introduced by M. of A. R. DIAZ, DiNAPOLI, CAHILL, COOK, DINOWITZ,
GORDON, GREEN -- read once and referred to the Committee on Ways and
Means

AN ACT to amend the tax law, in relation to establishing tax credits for
vehicles that meet the clean vehicle standards, and to extend the
expiration of the alternative fuels credits; and to amend chapter 389
of the laws of 1997 amending the tax law relating to establishing tax
credits and exemptions for alternative fuel vehicles and refueling
property, in relation to extending the expiration of certain
provisions thereof

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

1 Section 1. Subdivision 1 of section 187-b of the tax law, as amended
2 by chapter 597 of the laws of 2002, is amended to read as follows:
3 1. General. A taxpayer shall be allowed a credit, to be credited
4 against the taxes imposed under sections one hundred eighty-three, one
5 hundred eighty-four[,] and one hundred eighty-five [and one hundred
6 eighty-six] of this article. Such credit, to be computed as hereinafter
7 provided, shall be allowed for electric vehicles, qualified hybrid vehi-
8 cles, vehicles that meet the clean vehicle standards, clean-fuel vehicle
9 property and clean-fuel vehicle refueling property placed in service
10 during the taxable year. Provided, however, that the amount of such
11 credit allowable against the tax imposed by section one hundred eighty-
12 four of this article shall be the excess of the credit allowed by this
13 section over the amount of such credit allowable against the tax imposed
14 by section one hundred eighty-three of this article. Provided, however,
15 that the credit provided for by this section with respect to electric
16 vehicles shall not be allowed to a gas corporation or an electric corpo-
17 ration as defined in subdivisions eleven and thirteen, respectively, of
18 section two of the public service law, or a gas and electric corporation
19 as described in section sixty-four of the public service law, where such

EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07478-01-5

A. 4456 2

1 corporation is subject to the supervision of the department of public
2 service.
3 § 2. Section 187-b of the tax law is amended by adding a new subdivi-
4 sion 2-a to read as follows:
5 2-a. Vehicles that meet the clean vehicle standards. The credit under
6 this section for vehicles that meet the clean vehicle standards shall
7 equal sixty percent of the cost of any such vehicle:
8 (a) which is attributable only to that portion of the vehicle which
9 propels such vehicle so as to make the vehicle a vehicle that meets the
10 clean vehicle standards, and
11 (b) which is installed in or manufactured as part of a motor vehicle
12 registered in this state,
13 © provided, however, the credit with respect to any such vehicle
14 shall not exceed one thousand dollars per vehicle for vehicles with a
15 gross weight rating of fourteen thousand pounds or less and two thousand
16 dollars per vehicle for all other vehicles.
17 § 3. Subdivision 6 of section 187-b of the tax law is amended by
18 adding a new paragraph (f) to read as follows:
19 (f) The term "vehicle that meets the clean vehicle standards" means
20 any vehicle which (i) is certified, as provided under the provisions of
21 the federal Clean Air Act (42 U.S.C. section 7401 et seq., as amended)
22 as meeting exhaust emission standards for super-ultra-low-emission vehi-
23 cles which the state of California has adopted (California Code of Regu-
24 lations, Title 13) and is permitted to adopt under 42 U.S.C. section
25 7543, and which other states are permitted to adopt under 42 U.S.C.
26 section 7507, and (ii) has a fuel efficiency that is at least one and
27 one-half times the average fuel efficiency for vehicles in its weight
28 class.
29 § 4. Subparagraph (i) of paragraph (a) of subdivision 8 of section
30 187-b of the tax law, as amended by chapter 597 of the laws of 2002, is
31 amended to read as follows:
32 (i) If, within three full years from the date an electric vehicle,
33 qualified hybrid vehicle or a vehicle, vehicle that meets the clean
34 vehicle standards, of which clean-fuel vehicle property is a part is
35 placed in service, such electric vehicle, qualified hybrid vehicle,
36 vehicle that meets the clean vehicle standards, or clean-fuel vehicle
37 property ceases to be qualified, a recapture amount must be added back
38 in the tax year in which such cessation occurs.
39 § 5. Subparagraph (ii) of paragraph (a) of subdivision 8 of section
40 187-b of the tax law is amended by adding a new clause (A-1) to read as
41 follows:
42 (A-1) A vehicle that meets the clean vehicle standards ceases to be
43 qualified if:
44 (1) it is modified by the taxpayer so it is no longer a vehicle that
45 meets the clean vehicle standards, or
46 (2) the taxpayer receiving the credit under this section sells or
47 disposes of the vehicle and knows or has reason to know that the vehicle
48 will be so modified.
49 § 6. Subdivision 9 of section 187-b of the tax law, as amended by
50 section 1 of part D of chapter 60 of the laws of 2004, is amended to
51 read as follows:
52 9. Termination. This section shall not apply to property placed in
53 service in taxable years beginning after December thirty-first, two
54 thousand [four] nine.
55 § 7. Paragraph (a) of subdivision 24 of section 210 of the tax law, as
56 amended by section 1 of part J of chapter 63 of the laws of 2000,

A. 4456 3

1 subparagraph (i) as amended by chapter 597 of the laws of 2002, and
2 subparagraph (ii) as amended by section 2 of part D of chapter 60 of the
3 laws of 2004, is amended to read as follows:
4 (a) General. (i) A taxpayer shall be allowed a credit, to be computed
5 as hereinafter provided, against the tax imposed by this article, for
6 electric vehicles, qualified hybrid vehicles, vehicles that meet the
7 clean vehicle standards, clean-fuel vehicle property and clean-fuel
8 vehicle refueling property placed in service during the taxable year.
9 Provided, however, that the credit provided for by this subdivision with
10 respect to electric vehicles shall not be allowed to a gas corporation
11 or an electric corporation as defined in subdivisions eleven and thir-
12 teen, respectively, of section two of the public service law, or a gas
13 and electric corporation as described in section sixty-four of the
14 public service law, where such corporation is subject to the supervision
15 of the department of public service.
16 (ii) For purposes of this subdivision, the term "governmental unit"
17 means the United States, any state or political subdivision thereof, any
18 possession of the United States, or any agency or instrumentality of any
19 of the foregoing. For taxable years beginning in two thousand through
20 two thousand [four] ten, in the case of electric vehicles, vehicles that
21 meet the clean vehicle standards, or clean-fuel vehicle property which
22 is installed in or manufactured as part of a motor vehicle, where such
23 vehicles are sold or first leased during the taxable year to a govern-
24 mental unit, a credit shall be allowed, to be computed as hereinafter
25 provided, against the tax imposed by this article, provided that (A)
26 with respect to such vehicles first sold or leased to a governmental
27 unit during taxable years beginning in two thousand and two thousand
28 one, the taxpayer executes a written contract with such governmental
29 unit on or before December thirty-first, nineteen hundred ninety-nine
30 for such sale or lease of such vehicles, and (B) as a result of the
31 production, manufacture or installation activities relating to such
32 vehicles, at least twenty-five new full-time jobs, excluding those of
33 general executive officers, are created in this state. The total amount
34 of credit for both electric vehicles and clean-fuel vehicle property
35 allowable to a taxpayer under this subparagraph for taxable years begin-
36 ning in two thousand and two thousand one, taken in the aggregate, shall
37 not exceed two million five hundred thousand dollars, and with respect
38 to such vehicles first sold or leased to a governmental unit during
39 taxable years beginning in two thousand two[, two thousand three and two
40 thousand four] through two thousand ten, the amount of credit for [both]
41 electric vehicles, vehicles that meet the clean vehicle standards and
42 clean-fuel vehicle property shall not exceed two million five hundred
43 thousand dollars in the case of each of such years two thousand two[,
44 two thousand three and two thousand four] through two thousand ten.
45 § 8. Subdivision 24 of section 210 of the tax law is amended by adding
46 a new paragraph (b-1) to read as follows:
47 (b-1) Vehicles that meet the clean vehicle standards. The credit
48 under this subdivision for vehicles that meet the clean vehicle stand-
49 ards shall equal sixty percent of the cost of any such vehicle:
50 (i) which is attributable only to that portion of the vehicle which
51 propels such vehicle so as to make the vehicle a vehicle that meets the
52 clean vehicle standards; and
53 (ii) which is installed in or manufactured as part of a motor vehicle
54 registered in this state or, in the case of such a vehicle sold or
55 leased to a governmental unit, the installation or manufacture of which
56 takes place in this state;

A. 4456 4

1 (iii) provided, however, the credit with respect to any such vehicle
2 shall not exceed one thousand dollars per vehicle for vehicles with a
3 gross vehicle weight rating of fourteen thousand pounds or less and two
4 thousand dollars per vehicle for all other vehicles.
5 § 9. Paragraph (f) of subdivision 24 of section 210 of the tax law is
6 amended by adding a new subparagraph (vi) to read as follows:
7 (vi) The term "vehicle that meets the clean vehicle standards" means
8 any vehicle which (A) is certified, as provided under the provisions of
9 the federal Clean Air Act (42 U.S.C. section 7401 et seq, as amended) as
10 meeting exhaust emission standards for super-ultra-low-emission vehicles
11 which the state of California has adopted (California Code of Regu-
12 lations, Title 13) and is permitted to adopt under 42 U.S.C. section
13 7543, and which other states are permitted to adopt under 42 U.S.C.
14 section 7507, and (B) has a fuel efficiency that is at least one and
15 one-half times the average fuel efficiency for vehicles in its weight
16 class.
17 § 10. Clause (A) of subparagraph (i) of paragraph (h) of subdivision
18 24 of section 210 of the tax law, as amended by chapter 597 of the laws
19 of 2002, is amended to read as follows:
20 (A) If, within three full years from the date an electric vehicle,
21 qualified hybrid vehicle, vehicle that meets the clean vehicle stand-
22 ards, or a vehicle of which clean-fuel vehicle property is a part is
23 placed in service, such electric vehicle, qualified hybrid vehicle or
24 clean-fuel vehicle property ceases to be qualified, a recapture amount
25 must be added back in the tax year in which such cessation occurs.
26 § 11. Clause (B) of subparagraph (i) of paragraph (h) of subdivision
27 24 of section 210 of the tax law is amended by adding a new item 1-a to
28 read as follows:
29 (1-a) A vehicle that meets the clean vehicle standards ceases to be
30 qualified if
31 (I) it is modified by the taxpayer so it is no longer a vehicle that
32 meets the clean vehicle standards, or
33 (II) the taxpayer receiving the credit under this subdivision sells or
34 disposes of the vehicle and knows or has reason to know that the vehicle
35 will be so modified.
36 § 12. Paragraph (i) of subdivision 24 of section 210 of the tax law,
37 as amended by section 3 of part D of chapter 60 of the laws of 2004, is
38 amended to read as follows:
39 (i) Termination. Subparagraph (i) of paragraph (a) of this subdivision
40 shall not apply to property placed in service in taxable years beginning
41 after December thirty-first, two thousand [four] nine and subparagraph
42 (ii) of paragraph (a) of this subdivision shall not apply to property
43 sold or first leased in taxable years beginning after December thirty-
44 first, two thousand [four] ten.
45 § 13. Paragraph 1 of subsection (p) of section 606 of the tax law, as
46 amended by chapter 597 of the laws of 2002, is amended to read as
47 follows:
48 (1) General. A taxpayer shall be allowed a credit, to be computed as
49 hereinafter provided, against the tax imposed by this article, for elec-
50 tric vehicles, vehicles that meet the clean vehicle standards, clean-
51 fuel vehicle property, clean-fuel vehicle refueling property and quali-
52 fied hybrid vehicles placed in service during the taxable year.
53 Provided, however, that the credit provided for by this subsection with
54 respect to electric vehicles shall not be allowed to a gas corporation
55 or an electric corporation as defined in subdivisions eleven and thir-
56 teen, respectively, of section two of the public service law, or a gas

A. 4456 5

1 and electric corporation as described in section sixty-four of the
2 public service law, where such corporation is subject to the supervision
3 of the department of public service.
4 § 14. Subsection (p) of section 606 of the tax law is amended by
5 adding a new paragraph 2-a to read as follows:
6 (2-a) Vehicles that meet the clean vehicle standards. The credit
7 under this subsection for vehicles that meet the clean vehicle standards
8 shall equal sixty percent of the cost of any such vehicle:
9 (A) which is attributable only to that portion of the vehicle which
10 propels such vehicle so as to make the vehicle a vehicle that meets the
11 clean vehicle standards, and
12 (B) which is installed in or manufactured as part of a motor vehicle
13 registered in this state,
14 © provided, however, the credit with respect to any such vehicle
15 shall not exceed one thousand dollars per vehicle for vehicles with a
16 gross weight rating of fourteen thousand pounds or less and two thousand
17 dollars per vehicle for all other vehicles.
18 § 15. Paragraph 6 of subsection (p) of section 606 of the tax law is
19 amended by adding a new subparagraph (F) to read as follows:
20 (F) The term "vehicle that meets the clean vehicle standards" means
21 any vehicle which (i) is certified, as provided under the provisions of
22 the federal Clean Air Act (42 U.S.C. section 7401 et seq., as amended)
23 as meeting exhaust emission standards for super-ultra-low-emission vehi-
24 cles which the state of California has adopted (California Code of Regu-
25 lations, Title 13) and is permitted to adopt under 42 U.S.C. section
26 7543, and which other states are permitted to adopt under 42 U.S.C.
27 section 7507, and (ii) has a fuel efficiency that is at least one and
28 one-half times the average fuel efficiency for vehicles in its weight
29 class.
30 § 16. Clause (i) of subparagraph (A) of paragraph 8 of subsection (p)
31 of section 606 of the tax law, as amended by chapter 597 of the laws of
32 2002, is amended to read as follows:
33 (i) If, within three full years from the date an electric vehicle,
34 qualified hybrid vehicle, vehicle that meets the clean vehicle stand-
35 ards, or a vehicle of which clean-fuel vehicle property is a part is
36 placed in service, such electric vehicle, qualified hybrid vehicle or
37 clean-fuel vehicle property ceases to be qualified, a recapture amount
38 must be added back in the tax year in which such cessation occurs.
39 § 17. Clause (ii) of subparagraph (A) of paragraph 8 of subsection (p)
40 of section 606 of the tax law is amended by adding a new item (I-a) to
41 read as follows:
42 (I-a) A vehicle that meets the clean vehicle standards ceases to be
43 qualified if
44 (a) it is modified by the taxpayer so it is no longer a vehicle that
45 meets the clean vehicle standards, or
46 (b) the taxpayer receiving the credit under this subsection sells or
47 disposes of the vehicle and knows or has reason to know that the vehicle
48 will be so modified.
49 § 18. Paragraph 9 of subsection (p) of section 606 of the tax law, as
50 amended by section 4 of part D of chapter 60 of the laws of 2004, is
51 amended to read as follows:
52 (9) Termination. This subsection shall not apply to property placed in
53 service in taxable years beginning after December thirty-first, two
54 thousand [four] nine.

A. 4456 6

1 § 19. Subparagraph (i) of paragraph 5 of subdivision (p) of section
2 1115 of the tax law, as amended by section 131 of part A of chapter 389
3 of the laws of 1997, is amended to read as follows:
4 (i) "alternative fuel vehicle" means a motor vehicle, as defined in
5 section one hundred twenty-five of the vehicle and traffic law, which
6 uses exclusively alcohol, natural gas, propane or hydrogen as fuel to
7 power such vehicle, or is propelled by electricity or is a dual fuel
8 vehicle, or is a vehicle that meets the clean vehicle standards which
9 (A) is certified, as provided under the provisions of the federal Clean
10 Air Act (42 U.S.C. section 7401 et seq., as amended) as meeting exhaust
11 emission standards for super-ultra-low-emission vehicles which the state
12 of California has adopted (California Code of Regulations, Title 13) and
13 is permitted to adopt under 42 U.S.C. section 7543, and which other
14 states are permitted to adopt under 42 U.S.C. section 7507, and (B) has
15 a fuel efficiency that is at least one and one-half times the average
16 fuel efficiency for vehicles in its weight class;
17 § 20. Subdivision 21 of section 219 of part A of chapter 389 of the
18 laws of 1997, amending the tax law relating to establishing tax credits
19 and exemptions for alternative fuel vehicles and refueling property, as
20 amended by section 7 of part D of chapter 60 of the laws of 2004, is
21 amended to read as follows:
22 (21) sections one hundred twenty-seven through one hundred thirty of
23 this act shall apply to property placed in service in taxable years
24 beginning on or after January 1, 1998, and section one hundred thirty-
25 one of this act shall take effect March 1, 1998 and shall apply to the
26 period commencing on such date and ending on February 28, [2005] 2010,
27 without interruption, when upon such ending date subdivision (p) of
28 section 1115 of the tax law shall be deemed REPEALED, provided however,
29 that the commissioner of taxation and finance may take any action with
30 respect to the adoption, amendment, suspension or repeal of any rule or
31 regulation relating to sections one hundred twenty-seven through one
32 hundred thirty-two of this act, and may establish any procedure neces-
33 sary for the timely implementation thereof;
34 § 21. This act shall take effect immediately, provided that sections
35 one through eighteen of this act shall apply to property placed in
36 service in taxable years beginning on or after January 1, 2006, and
37 section nineteen of this act shall take effect March 1, 2006 and shall
38 apply to the period commencing on such date and ending on February 28,
39 2010; provided, however, that the amendment to subdivision (p) of
40 section 1115 of the tax law made by section nineteen of this act shall
41 not affect the repeal of such section and shall be deemed repealed ther-
42 ewith; provided further, that the commissioner of taxation and finance
43 may take any action with respect to the adoption, amendment, suspension
44 or repeal of any rule or regulation relating to the provisions of this
45 act, and may establish any procedure necessary for the timely implemen-
46 tation thereof.

 

Here is a summary of what our lame duck Gov is proposing. Write your Assembly Member (particularly if you are from a Dem District, since the Dems control the Assembly.) Write your State Senate menber, particularly if you are in a Repub. District, since the GOP controls the NY State Senate.


Here is a Link to the news story

http://www.newsday.com/news/local/wire/new...egion-apnewyork