Bill > S03729

This bill establishes a residential fuel oil storage tank credit and directs the Office of Temporary and Disability Assistance to create a program to assist eligible households in replacing their residential fuel oil storage tanks. The credit is available for the removal or permanent closure and installation of a new below-ground or above-ground residential fuel oil storage tank used to provide heating fuel for single-family, two-family, three-family, and four-family residences located in New York State. The credit amount is equal to the costs of removal or permanent closure of the existing tank and the purchase and installation costs of the new tank, up to a maximum of $500. The bill also specifies the design requirements for the replacement tanks, such as being approved by Underwriters Laboratories (U.L.). The program to be established by the Office of Temporary and Disability Assistance will utilize the Heating Energy Assistance Program (HEAP) to assist eligible households with the replacement of their fuel oil storage tanks.