Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 01, 2012 |
referred to energy and telecommunications |
Senate Bill S7142
2011-2012 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2011-S7142 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1812
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1115, Tax L
- Versions Introduced in 2011-2012 Legislative Session:
-
S7142, A1812
2011-S7142 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7142 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.
2011-S7142 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7142 I N S E N A T E May 1, 2012 ___________ Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations 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. LBD05552-01-1
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