New York S05992 creates a tax credit for small businesses' electric energy usage, set at $0.02 per kilowatt hour, with a cap of 19 full-time.

New York S05992 amends the tax law to introduce a small business electric energy tax credit. Eligible businesses can claim a credit against their tax liability, calculated at $0.02 per kilowatt hour of business-related electricity usage. To qualify, businesses must have no more than 19 full-time employees in New York state and cannot be sole proprietorships if the primary business location is the sole proprietor's residence. The credit is subject to verification through electricity bills or usage charts provided by the power service provider.

New York S05992 creates a tax credit for small businesses' electric energy usage, set at $0.02 per kilowatt hour, with a cap of 19 full-time.

New York S05992 amends the tax law to introduce a small business electric energy tax credit. Eligible businesses can claim a credit against their tax liability, calculated at $0.02 per kilowatt hour of business-related electricity usage. To qualify, businesses must have no more than 19 full-time employees in New York state and cannot be sole proprietorships if the primary business location is the sole proprietor's residence. The credit is subject to verification through electricity bills or usage charts provided by the power service provider.