senate Bill S1343

Exempts from sales and use tax any geothermal systems

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Sponsor

Co-Sponsors

Bill Status


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

  • 09 / Jan / 2013
    • REFERRED TO ENERGY AND TELECOMMUNICATIONS
  • 23 / Apr / 2013
    • REPORTED AND COMMITTED TO FINANCE
  • 08 / Jan / 2014
    • REFERRED TO ENERGY AND TELECOMMUNICATIONS

Summary

Exempts from sales and use tax any geothermal system.

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Bill Details

See Assembly Version of this Bill:
A1411
Versions:
S1343
Legislative Cycle:
2013-2014
Current Committee:
Senate Energy And Telecommunications
Law Section:
Tax Law
Laws Affected:
Amd ยง1115, Tax L
Versions Introduced in Previous Legislative Cycles:
2011-2012: S7142, A1812
2009-2010: A6934, A6934
2007-2008: A10950, A10950

Votes

11
0
11
Aye
0
Nay
0
aye with reservations
0
absent
0
excused
0
abstained
show Energy and Telecommunications committee vote details

Sponsor Memo

BILL NUMBER:S1343

TITLE OF BILL:
An act
to amend the tax law, in relation to exempting from sales and use taxes
any geothermal systems

PURPOSE:

To grant a sales and use tax exemption to persons installing any
geothermal systems.

SUMMARY OF PROVISIONS:

Section 1 Subdivision (a) of section 1115 of the tax law is amended by
adding paragraph 44 which exempts sale or purchase of any geothermal
system from sales and use taxes.

JUSTIFICATION:

A sales and use tax exemption for geothermal systems is an appropriate
incentive to encourage more homeowners to install such systems. An
increase in geothermal systems will lead to energy savings and an
increase in use of renewable energy.

LEGISLATIVE HISTORY:

S7142/A1812 of 2011-12; Referred to Energy & Telecommunications

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

Immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1343

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sens. MAZIARZ, RITCHIE -- read twice and ordered printed,
  and when printed to be committed to the Committee on Energy and  Tele-
  communications

AN ACT to amend the tax law, in relation to exempting from sales and use
  taxes any geothermal systems

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
by adding a new paragraph 44 to read as follows:
  (44) SALE OR PURCHASE OF ANY GEOTHERMAL SYSTEMS.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02272-01-3

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