Bill
Bill > A03860
NY A03860
NY A03860Establishes a residential fuel oil storage tank credit; directs the office of temporary and disability assistance to establish a program to assist eligible households in the replacement of residential fuel oil storage tanks.
summary
Introduced
02/08/2023
02/08/2023
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 establishing a residential fuel oil storage tank credit and to direct the office of temporary and disability assistance to establish a program to assist eligible households in the replacement of residential fuel oil storage tanks
AI Summary
This bill establishes a residential fuel oil storage tank credit, allowing taxpayers to claim a credit of up to $500 for the costs of removing or permanently closing an existing below-ground or above-ground residential fuel oil tank and installing a new one that meets certain design standards approved by Underwriters Laboratories. The bill also directs the Office of Temporary and Disability Assistance to develop a program using the Heating Energy Assistance Program (HEAP) to assist eligible households in replacing their existing fuel oil storage tanks.
Committee Categories
Budget and Finance
Sponsors (3)
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/A3860 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03860&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03860 |
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