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