Bill
Bill > S03588
NY S03588
NY S03588Provides a tax exemption from sales and compensating use taxes on alternative energy systems including alternative energy systems, new Energy Star appliances and tangible personal property used in or on habitable residential and non-residential structures to improve energy efficiency; and defines relevant terms; authorizes municipalities to adopt the exemption.
summary
Introduced
02/11/2019
02/11/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing an exemption for alternative energy systems from the state's sales and compensating use taxes and authorizing counties and cities to elect such exemption from their sales and use taxes imposed by or pursuant to the authority of such law; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill provides a tax exemption from sales and compensating use taxes on alternative energy systems, including new Energy Star appliances and tangible personal property used to improve energy efficiency in residential and non-residential structures. It also authorizes municipalities to adopt this exemption. The bill defines relevant terms and outlines the process for municipalities to elect the exemption, including certification and billing requirements. Additionally, the bill specifies that the exemption will expire and be repealed two years after the bill's effective date.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/08/2020)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...