Bill
Bill > A01575
NY A01575
NY A01575Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment.
summary
Introduced
01/17/2023
01/17/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing an exemption for 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 the state sales and use tax. Specifically, it amends the tax law to exempt from taxation the receipts from the retail sale of residential and commercial geothermal heat pump systems equipment, as well as the service of installing such systems. The bill also outlines provisions related to how local governments and school districts can choose to adopt or opt out of these exemptions.
Committee Categories
Budget and Finance
Sponsors (30)
Jonathan Rivera (D)*,
Didi Barrett (D),
Karl Brabenec (R),
Chris Burdick (D),
Pat Burke (D),
Robert Carroll (D),
William Conrad (D),
Maritza Davila (D),
Erik Dilan (D),
Patricia Fahy (D),
Emily Gallagher (D),
Deborah Glick (D),
Aileen Gunther (D),
Andrew Hevesi (D),
Jonathan Jacobson (D),
Anna Kelles (D),
Jen Lunsford (D),
Donna Lupardo (D),
John McDonald (D),
Demond Meeks (D),
Marcela Mitaynes (D),
Steve Otis (D),
Amy Paulin (D),
Linda Rosenthal (D),
Rebecca Seawright (D),
Gina Sillitti (D),
Jo Anne Simon (D),
Phil Steck (D),
Steve Stern (D),
Fred Thiele (D),
Last Action
referred to ways and means (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A1575 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01575&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01575 |
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