Bill > S01527

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. Commercial energy storage systems are defined as arrangements of components installed on non-residential properties that store electricity for later use to provide heating, cooling, hot water, or electricity. The bill 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 purchaser and installed on the purchaser's non-residential premises. Additionally, it clarifies that local governments can choose to include or exclude these new exemptions when imposing their own sales taxes, and it updates definitions within the Public Service Law and Labor Law to include qualified energy storage systems in certain project categories and agreements related to renewable energy and energy storage credits.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S1527