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Sponsors
No co-sponsors yet.
History
- Referred to cities
- Referred to cities
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3237
Title of bill
An act to amend the general city law, in relation to providing for the granting of a deduction on city personal income tax for home energy conservation expenses
Purpose or general idea of bill
This bill adds a new paragraph to Section 25-A of the General City Law to allow owners of one, two or three family houses which are owner occupied to deduct from his federal adjusted gross income, the cost of providing energy conservation improvements to his home.
Justification
The purpose of this bill is to encourage energy conservation by homeowners and increase savings. Under this legislation New York city homeowners will be allowed income tax deductions for expenses such as weather stripping, storm windows and doors, modernization of heating plants and other energy conservation expenses. Hopefully these savings will be used for other much needed purchases further stimulating New York's economy.
Prior legislative history
2010-2011: S.6213 - Cities 2009-2010 - Referred to Cities 2007-2008 - Committed to Finance 2005-2006 - Referred to Cities 2003-2004 - Referred to Cities 2001-2002 - Referred to Cities 1999-2000 - Referred to Cities 1997-1998 - Referred to Cities
Fiscal implications
Not known.
Effective date
The first of January next succeeding the date it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.