Bill > A10587

This bill amends the tax law to suspend the state's retail sales tax on heating fuels purchased during the months of December, January, and February for individuals who are sixty-five years old or older and meet specific income requirements. Specifically, the exemption applies to seniors who do not qualify for the Low Income Home Energy Assistance Program (LIHEAP), a federal program designed to help low-income households with heating and cooling costs, but whose income is no more than $500 above the qualifying income for LIHEAP. This means that eligible seniors will not have to pay the state's retail sales tax on their heating fuel purchases during these winter months, providing them with some financial relief.