New York Consolidated Laws, Tax Law - TAX § 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: