N.Y. Tax Law § 14-A — IMB credit for energy taxes

* § 14-a. IMB credit for energy taxes. (a) Allowance of credit. A\ntaxpayer which is an industrial or manufacturing business (IMB), or\nwhich is a sole proprietor of an IMB or a member of a partnership which\nis an IMB, and which is subject to tax under article nine-A or\ntwenty-two of this chapter, shall be allowed a credit against such tax,\npursuant to the provisions referenced in subdivision (d) of this\nsection. Such credit shall be equal to the sum (or pro rata share of the\nsum, in the case of a member of a partnership) of the taxes imposed\nunder sections one hundred eighty-six-a, one hundred eighty-six-c, one\nhundred eighty-nine and one hundred eighty-nine-a of this chapter which\nduring the taxable year were either paid by, or passed through to, the\nIMB, on or after January first, two thousand, but only with regard to\ngas, electricity, steam, water or refrigeration, or gas, electric,\nsteam, water or refrigeration services, consumed or used by the IMB in\nthis state.\n (b) Definitions. The term "industrial or manufacturing business" shall\nmean a business which during the taxable year is principally engaged in\nactivities described in clause (A), (B) or (C), or any combination\nthereof, of subparagraph (i) of paragraph (b) of subdivision twelve of\nsection two hundred ten of this chapter.\n (c) Any person who collects from, or passes through to, the IMB, any\ntax as described in subdivision (a) of this section, shall provide the\nIMB with the information with respect to such tax passed through which\nmay be required to enable the taxpayer to correctly compute the credit\nprovided for in this section.\n (d) Cross-references. For application of the credit provided for in\nthis section, see the following provisions of this chapter:\n (1) Article 9-A: Section 210.26-a.\n (2) Article 22: Sections 606(i) and (t-1).\n * NB Expired for taxable years ending on and after January 1, 2007\n