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