Bill > A00313

This bill, known as the "Build NY Storage Act," establishes sales tax exemptions for commercial energy storage systems equipment and the costs associated with their installation, defining such equipment as a system or combination of components installed on non-residential properties that store electricity for later use to provide heating, cooling, hot water, or electricity. It also exempts receipts from the sale of electricity generated by these systems under specific conditions, such as when the system is owned by someone other than the electricity purchaser and is installed on the purchaser's non-residential premises. Furthermore, the bill amends existing tax laws to ensure that local governments can choose to exclude these new exemptions from their own sales taxes, and it clarifies the definition of "other covered project" in the public service law to include qualified energy storage systems over a certain capacity connected to the state's grid, while also introducing "energy storage credits agreements" and linking them to labor peace agreements for operations and maintenance services, similar to existing provisions for renewable energy.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A313