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Bill Would add Wind to New York State RETC

Friday, January 27, 2017 - 11:15AM

New York State Sen. Kevin Parker this week introduced SB 3403 to allow a state credit of 25 percent for qualified wind energy system equipment expenditures. The legislation calls for a cap of $7,500 per taxpayer and includes a provision under which the credit could be carried over for up to five years. It would be effective Jan. 1, 2018. The bill was assigned to the Senate Investigations and Government Operations Committee.

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