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Bill > S02557
NY S02557
NY S02557Provides for exemptions from sales tax for energy-star qualified appliances and grants municipalities the option to provide such exemption.
summary
Introduced
01/21/2025
01/21/2025
In Committee
01/21/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S2557 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02557&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02557 |
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