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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to energy and telecommunications
- Referred to energy and telecommunications
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Eliminates taxes on alternative energies
In Assembly Committee · Ways And Means · Sponsor Greg Ball
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to eliminating taxes on alternative energies
Purpose or general idea of bill
Eliminates taxes on alternative energies.
Summary of specific provisions
Section 1: Amends Tax. § 1115(a) to state alternative energies shall include those which do not rely on petroleum or natural gas as their energy sources.
Section 2: Adds §289-g to the tax law to read that any tax levied or imposed by this article shall not apply to alternative energies.
Justification
With gas prices and oil imports rising dramatically with each passing year, our national security and prosperity requires that we chart a fresh course based upon renewable, cleaner energies. Charting a course towards renewable energy sources is clearly the way ahead in the 21st century. By eliminating these taxes, we will be able to increase incentives for renewable energy production in our state. This measure will also mobilize the scientific community, promote production of fuel efficient technologies, encourage investment in more efficient factories and appliances, and expand the development of alternative energy sources such as wind, solar, and biofuels. This bill is a cornerstone of the concept that energy independence equals homeland security.
Prior legislative history
New Bill.
Fiscal implications
To be determined
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.