What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
Senator · Senate District 62
2 Co-sponsors
History
- Vetoed memo.260
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.117
- Substituted for A5508
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 60–0
- Ordered to third reading cal.360
- Committee discharged and committed to rules
- 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 an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment
Assembly Floor Calendar · Sponsor Ellen C. Jaffee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4279
Title of bill
An act to amend the tax law, in relation to providing an exemption for geothermal heat pump systems equipment
Purpose or general idea of bill
To encourage geothermal energy use in New York State by eliminating sales tax on the equipment and installation of geothermal systems in residential and commercial buildings.
Summary of specific provisions
This bill would amend section 1115 of the tax law by adding a new subdivision jj, eliminating sales and use tax for the purchase and installation of residential geothermal systems and a new subdivision kk, eliminating sales and use tax for the purchase and installation of commercial geothermal systems.
Justification
Geothermal energy, a renewable energy source, is a reliable and effective way to reduce the need for carbon based energy sources. By eliminating sales and use tax for both the purchase and installation of geothermal systems, more New York State residents would be able to afford this energy course. Similar laws exist to exempt sales and use tax for the purchase and installation of solar equipment.
Prior legislative history
This is new legislation.
Fiscal implications
To be determined.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.