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Sponsors
Senator · Senate District 62
No co-sponsors yet.
History
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 61–0
- Ordered to third reading cal.1498
- Committee discharged and committed to rules
- Print number 6250a
- Amend and recommit to finance
- 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.
Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment
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
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 and to allow for local election to suspend the sales tax.
Summary of specific provisions
This bill would amend section 1115 of the tax law by adding a new subdivision ll, eliminating sales and use tax for the purchase and installation of residential geothermal systems and a new subdivision mm, eliminating sales and use tax for the purchase and installation of commercial geothermal systems.
Section 1210 and 1224 of the tax law is amended to allow for local municipalities to suspend the sales tax for geothermal purchases.
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
Veto 260 of 2015
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.