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S3471Senate2013-2014 Session

Provides a tax exemption for petroleum products that are purchased for heating purposes

Sponsor Thomas F. O'MaraSD-58+2 co-sponsorsAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Ways And Means

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Sponsors

Primary sponsor
Thomas F. O'Mara

Senator · Senate District 58

Chair, Elections

History

  1. Referred to ways and means
  2. Delivered to assembly
  3. Passed senateVote 45–13
  4. Advanced to third reading
  5. 2nd report cal.
  6. 1st report cal.721
  7. Reported and committed to finance
  8. Referred to energy and telecommunications
  9. Returned to senate
  10. Died in assembly
  11. Referred to ways and means
  12. Delivered to assembly
Show 6 earlier actions
  1. Passed senateVote 44–17
  2. Advanced to third reading
  3. 2nd report cal.
  4. 1st report cal.654
  5. Reported and committed to finance
  6. Referred to energy and telecommunications

Full text

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

Sponsor's memo

BILL NUMBER:S3471

Title of bill

An act to amend the tax law, in relation to eliminating the residential restriction for heating exemptions

Purpose

10 extend the current beating fuel tax exemption to non-resi- dential users.

Summary of provisions

Section 1 and 2: Amends Subdivision (d) of Section 301-b and Subdivision (a) of Section 301-c of the Tax Law to make petroleum used for non-resi- dential heating fitly, instead of partially, tax exempt.

Section 3: Effective immediately

Justification

High energy costs cited by many businesses in New York State as a serious deterrent to economic growth and prosperity. These energy costs are continually rising and putting more of a strain on struggling small businesses in our State. It has become imperative that New York find ways to assist businesses with high energy costs if we wish for these entities to remain viable and active in our state. There- fore, this legislation seeks to offset costs by providing a full, instead of a partial, State tax exemption for fuel for nonresidential heating. It is estimated that this change would result in decreasing energy expenses for these small businesses by approximately $7 million annually. This is another measure that New York can undertake to improve our business climate and ensure that businesses remain in our State.

Legislative history

2000 - A.2055

Fiscal implications for state and local governments

To be determined

Effective date

One hundred and eighty days after 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.