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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to energy and telecommunications
- Referred to energy and telecommunications
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4530
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
2013-14 - S. 1343 - Energy Committee/A. 1411 -Ways and Means
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.