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Bill > S02557


NY S02557

NY S02557
Provides for exemptions from sales tax for energy-star qualified appliances and grants municipalities the option to provide such exemption.


summary

Introduced
01/21/2025
In Committee
01/21/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to exempting energy star appliances from state sales and compensating use taxes and granting municipalities the option to provide such exemption; and providing for the repeal of such provisions upon expiration thereof

AI Summary

This bill amends the New York tax law to create a sales tax exemption for specific Energy Star-qualified appliances, including clothes washers, dishwashers, refrigerators, room air conditioners, ceiling fans, dehumidifiers, freezers, air purifiers, clothes dryers, and ventilating fans. The exemption applies to retail sales of these products and does not cover rental, leasing, repair, or servicing of the items. The bill also grants municipalities, particularly cities with populations over one million (like New York City), the option to adopt a similar local sales tax exemption for these Energy Star products. Municipalities can choose to implement the exemption through a local resolution, which would make these products exempt from local sales and use taxes. The exemption is temporary, with the bill set to take effect on April 1, 2026, and automatically expire on April 1, 2031. The goal appears to be encouraging the purchase of energy-efficient appliances by reducing their tax burden, thereby potentially promoting energy conservation and supporting consumers in buying more environmentally friendly household items.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/21/2025)

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