New York Tax Law (Consolidated Laws)
N.Y. Tax Law § 14-A
IMB credit for energy taxes
* § 14-a. IMB credit for energy taxes. (a) Allowance of credit. A taxpayer which is an industrial or manufacturing business (IMB), or which is a sole proprietor of an IMB or a member of a partnership which is an IMB, and which is subject to tax under article nine-A or twenty-two of this chapter, shall be allowed a credit against such tax, pursuant to the provisions referenced in subdivision (d) of this section. Such credit shall be equal to the sum (or pro rata share of the sum, in the case of a member of a partnership) of the taxes imposed under sections one hundred eighty-six-a, one hundred eighty-six-c, one hundred eighty-nine and one hundred eighty-nine-a of this chapter which during the taxable year were either paid by, or passed through to, the IMB, on or after January first, two thousand, but only with regard to gas, electricity, steam, water or refrigeration, or gas, electric, steam, water or refrigeration services, consumed or used by the IMB in this state.
(b) Definitions. The term "industrial or manufacturing business" shall mean a business which during the taxable year is principally engaged in activities described in clause (A), (B) or (C), or any combination thereof, of subparagraph (i) of paragraph (b) of subdivision twelve of section two hundred ten of this chapter.
(c) Any person who collects from, or passes through to, the IMB, any tax as described in subdivision (a) of this section, shall provide the IMB with the information with respect to such tax passed through which may be required to enable the taxpayer to correctly compute the credit provided for in this section.
(d) Cross-references. For application of the credit provided for in this section, see the following provisions of this chapter:
# (1)
Article 9-A: Section 210.26-a.
# (2)
Article 22: Sections 606(i) and (t-1).
* NB Expired for taxable years ending on and after January 1, 2007
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In this article (40 sections)
- 1 · Short title
- 2 · Definitions
- 3 · Exemption from certain taxes granted to certain corporations…
- 4 · Exemption from certain excise and sales taxes granted to the United…
- 5 · Obtaining and furnishing taxpayer identification information
- 5-A · Certification of registration to collect sales and compensating…
- 6 · Filing of electronic warrants and warrant-related records in the…
- 7 · Inapplicability of certain money judgment enforcement procedures
- 8 · Exemption from taxes granted to REMICs
- 9 · Electronic funds transfer by certain taxpayers remitting…
- 10 · Electronic funds transfer by certain taxpayers remitting sales and…
- 11 · Certified capital companies
- 12 · Internet; advertising, vendor status, nexus
- 13 · Exemption from taxation for victims or targets of Nazi persecution
- 14 · Empire zones program
- 14-A · IMB credit for energy taxes
- 15 · QEZE credit for real property taxes
- 16 · QEZE tax reduction credit
- 17 · Empire zones tax benefits report
- 18 · Low-income housing credit
- 19 · Green building credit
- 20 · Credit for transportation improvement contributions
- 21 · Brownfield redevelopment tax credit
- 21*2 · Disclosure of taxpayer information in cases involving abandoned…
- 22 · Tax credit for remediated brownfields
- 23 · Environmental remediation insurance credit
- 24 · Empire state film production credit
- 24-A · Musical and theatrical production credit
- 24-B · Television writers' and directors' fees and salaries credit
- 24-C · New York city musical and theatrical production tax credit
- 24-D · Empire state independent film production credit
- 25 · Disclosure of certain transactions and related information
- 26 · Security training tax credit
- 27 · Suspension of tax-exempt status of terrorist organizations
- 28 · Empire state commercial production credit
- 28*2 · Biofuel production credit
- 29 · Mandatory electronic filing and payment
- 30 · Bad check or failed electronic funds withdrawal fee
- 31 · Excelsior jobs program credit
- 31*2 · Empire state film post production credit