Bill > S03353

This bill provides a tax exemption for the sale and installation of both residential and commercial geothermal heat pump systems equipment in New York State. Specifically, the bill defines geothermal heat pump systems as arrangements of components installed in and around buildings that use ground or ground water as a thermal energy source to provide heating, cooling, and/or hot water. The exemption applies to the retail sale of such equipment and the services involved in installing these systems, ensuring that purchases of these environmentally-friendly heating and cooling technologies will not be subject to sales tax. The bill also allows local jurisdictions (cities, counties, and school districts) to opt out of the exemption if they choose, giving them flexibility in implementing the tax break. Additionally, the legislation includes provisions that give counties and cities within counties the right to impose partial taxes on the exempt equipment if certain conditions are met, providing a nuanced approach to maintaining local tax revenues while promoting geothermal energy adoption.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S3353