senate Bill S1167

Provides a tax deduction of one thousand dollars for heating oil, natural gas and propane paid for by the taxpayer

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 26 / Jan / 2009
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 06 / Jan / 2010
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Summary

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Bill Details

Versions:
S1167
Legislative Cycle:
2009-2010
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law

Sponsor Memo

BILL NUMBER: S1167

TITLE OF BILL :
An act to amend the tax law, in relation to allowing a reduction to
federal adjusted gross income for heating oil, natural gas and propane


PURPOSE :
This legislation creates the Home Heating Relief Act and provides a
tax deduction of one thousand dollars for heating oil, natural gas and
propane paid for by the taxpayer.

SUMMARY OF PROVISIONS :
Subsection (c) of section 612 of the tax law is amended by a adding a
new paragraph 39 to provides a tax deduction of one thousand dollars
for heating oil, natural gas and propane paid for by the taxpayer.

The deduction will be allowed for any married taxpayer filing jointly
with a federal adjusted gross income of $150,000 or less and for any
taxpayer filing as head of household, unmarried or married filing
separately with an income of $75,000 or under.

JUSTIFICATION :
As New Yorkers struggle with the price of gasoline at the pump each
and everyday, they are just a few short months away from the challenge
of paying to heat their home. There is little doubt that we are facing
another crippling rise in prices for natural gas, home heating oil and
propane this winter. Consumers need some sort of relief from these
skyrocketing heating expenses. Something must be done when people are
making choices between paying their utility bill or filling a
prescription or buying food.

This legislation, the Home Heating Relief Act, will provide a tax
deduction of one thousand dollars for heating oil, natural gas and
propane paid for by the taxpayer during the winter heating season.

LEGISLATIVE HISTORY :
2007-2008: S.8173A- Passed Senate

FISCAL IMPLICATIONS :
To be determined.

EFFECTIVE DATE :
This act shall take effect immediately and shall apply to taxable
years beginning on or after the first of January next succeeding the
date on which it shall have become a law.
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