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Bill > A08147


NY A08147

NY A08147
Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment.


summary

Introduced
07/07/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment.

AI Summary

This bill provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment from state and local sales and use taxes in New York. Specifically, it amends the state tax law to exempt receipts from the retail sale and installation of residential and commercial geothermal heat pump systems equipment. It also allows local governments to opt out of this exemption unless they elect otherwise. The bill aims to encourage the adoption of these energy-efficient heating and cooling systems for both homes and businesses in New York.

Committee Categories

Budget and Finance

Sponsors (31)

Last Action

referred to ways and means (on 01/05/2022)

bill text


bill summary

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