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S772Senate2011-2012 Session

Sales tax exemption for corn kernel fuel sold for residential heating purposes in a compatible stove

Sponsor Catharine YoungSD-57Affects Environment & Energy
Status
In Senate Committee
Energy And Telecommunications
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Energy And Telecommunications

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Sponsors

Primary sponsor
Catharine Young

Senator · Senate District 57

Chair, Housing, Construction And Community Development

No co-sponsors yet.

History

  1. Referred to energy and telecommunications
  2. Print number 772a
  3. Amend (t) and recommit to energy and telecommunications
  4. Referred to energy and telecommunications

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S772A

Title of bill

An act to amend the tax law, in relation to exempting corn fuel from sales and compensating use taxes

Purpose

This bill provides that corn fuel sold for residential heating purposes would be exempt from sales and compensating use taxes.

Summary of provisions

Amends subdivision (a) of section 1115 of the tax law to add a new paragraph 44 to include corn fuel sold for residential heating purposes in a compatible fuel appliance.

Justification

Home heating fuels such as natural gas, fuel oil, propane, and wood pellets are currently exempt from the state sales tax. Shelled kernel corn, which is an alternative fuel option for home heating, should therefore also be exempt from the state sales tax. With energy costs at record highs, it is important to better facilitate the use of alternative heating sources. Exempting corn heating fuel from sales and compensating use tax, as provided by this bill, shall serve as an incentive to offer corn as another option for alternative home heating fuel.

Legislative history

2009-2010: S.2488 Reported to Finance 2007-2008: S.5578/A.1785 Reported to Finance

Fiscal implications

None.

Effective date

This act shall take effect on the first day of a sales tax quarterly period, as described in subdivision (b) of section 1136 of the tax law; next commencing at least 60 days after this act shall have become a law.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.