Environmental Remediation Insurance Tax Credit
NY-ADR
1/10/07 N.Y. St. Reg. INS-44-06-00009-A
NEW YORK STATE REGISTER
VOLUME XXIX, ISSUE 2
January 10, 2007
RULE MAKING ACTIVITIES
INSURANCE DEPARTMENT
NOTICE OF ADOPTION
I.D No. INS-44-06-00009-A
Filing No. 1586
Filing Date. Dec. 26, 2006
Effective Date. Jan. 10, 2007
Environmental Remediation Insurance Tax Credit
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of Part 75 (Regulation 181) of Title 11 NYCRR.
Statutory authority:
Insurance Law, sections 201, 301, 2105, 2118 and 3447; and Tax Law, section 23
Subject:
Standards for insurance which qualifies for the environmental remediation insurance tax credit.
Purpose:
To set for the requirements relating to policies of insurance which qualify for the environmental remediation insurance tax credit provided for under section 23 of the Tax Law. The insurance tax credit applies to taxable years beginning on or after April 1, 2005.
Text or summary was published
in the notice of proposed rule making, I.D. No. INS-44-06-00009-P, Issue of November 1, 2006.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Andrew Mais, Insurance Department, 25 Beaver St., New York, NY 10004, (212) 480-2285, e-mail: [email protected]
Assessment of Public Comment
The agency received no public comment.
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