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S 5992

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

Creates a small business electric energy tax credit.

Bill ID NY-2025-2026-S-5992
Session 2025-2026
Status in_committee
Committee Budget And Revenue
Senate in_committee 2026-01-07
Summary

Creates a small business electric energy tax credit; specifies that the amount of credit shall be equal to the product of $0.02 per kilowatt hour; sets limit of no more than 19 full-time employees in New York state; determines that if the business is located at the primary residence of a sole proprietor, the business is not eligible for the tax credit.

Sponsor
April Baskin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-03-04 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Senate Committee
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