Bill > A03205

This bill proposes to amend New York State tax law by creating a new personal income tax deduction for residential heating expenses. Under the proposed legislation, qualified taxpayers can deduct expenses paid during the tax year for heating their primary residence, which includes various types of fuel such as fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene, and other heating fuels. A "qualified taxpayer" is defined as a New York State resident who, as of December 31st of the tax year, either owns or rents their primary residence and is responsible for paying heating costs. The deduction aims to provide financial relief to residents by allowing them to reduce their taxable income based on the money spent on keeping their homes warm. The bill would take effect immediately and apply to tax years beginning on or after January 1st of the year it becomes law, potentially offering taxpayers some economic assistance with what can be a significant household expense.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3205