Bill > A02038

This bill amends the New York State tax law to suspend the imposition of the compensating use tax on heating fuels sold during the winter months (December, January, and February) for certain low-income senior citizens. Specifically, the bill provides an exemption from the retail sales tax for heating fuels sold for home use by individuals aged 65 or older whose income is not more than $500 above the qualifying income for the Low-Income Home Energy Assistance Program (LIHEAP). This measure is intended to provide financial relief to senior citizens on fixed incomes during the winter heating season.