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History
- Print number 1089a
- Amend and recommit to energy and telecommunications
- 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.
Provides a tax exemption from sales and compensating use taxes on alternative energy systems
In Assembly Committee · Ways And Means · Sponsor Brian Kavanagh
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1089A
Title of bill
An act to amend the tax law, in relation to providing an exemption for alternative energy systems from the state's sales and compensating use taxes and authorizing counties and cities to elect such exemption from their sales and use taxes imposed by or pursuant to the authority of such law; and providing for the repeal of such provisions upon expiration thereof
Purpose
The legislation provides a tax exemption from sales and compensating use taxes for alternative energy systems.
Summary of provisions
Identifies alternative energy systems as new Energy Star appliances and tangible personal property used in or on habitable residential and nonresidential structures for the purpose of improving energy efficiency. Such systems include systems which do not rely on petroleum products or natural gas as their energy source, new Energy Star appliances, and insulation, weather stripping, and products such as roofing, windows, doors and skylights approved by the Energy Star program.
Adds exemptions from sales and use taxes for alternative energy systems.
Adds an option for localities to choose to exempt alternative energy systems from sales and use taxes.
The law will expire two years after enactment.
Justification
Energy Star products are manufactured and labeled in accordance with criteria, determined by the US Environmental Protection Agency and the US Department of Energy with input from the appliance manufacturing industry. These products are more energy efficient than required by the current Federal minimum energy efficiency standards. Providing an exemption for these products will encourage consumers to purchase energy efficient appliances, insulation, weather stripping, and products such as doors, roofing, windows and skylights that meet Energy Star standards.
Legislative history
2009-2010: S.2541/A.677 - Referred to Energy & Telecommunications/ Ways and Means
Fiscal implications
It is estimated that this exemption would reduce the State's sales and use tax revenue by approximately $100 million. Additionally, Energy
Star appliances and products save as much as 40% of energy used over traditional products and appliances.
Effective date
The act will take effect immediately, and will expire two years after the enactment date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.