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Who cares
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Sponsors
3 Co-sponsors
History
- Referred to energy and telecommunications
- Reported and committed to finance
- 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.
Exempts from sales and use tax any geothermal systems
In Assembly Committee · Ways And Means · Sponsor Ellen C. Jaffee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1343
Title of bill
An act to amend the tax law, in relation to exempting from sales and use taxes any geothermal systems
Purpose
To grant a sales and use tax exemption to persons installing any geothermal systems.
Summary of provisions
Section 1 Subdivision (a) of section 1115 of the tax law is amended by adding paragraph 44 which exempts sale or purchase of any geothermal system from sales and use taxes.
Justification
A sales and use tax exemption for geothermal systems is an appropriate incentive to encourage more homeowners to install such systems. An increase in geothermal systems will lead to energy savings and an increase in use of renewable energy.
Legislative history
S7142/A1812 of 2011-12; Referred to Energy & Telecommunications
Fiscal implications
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.