Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 |
referred to energy and telecommunications |
Mar 26, 2015 |
referred to energy and telecommunications |
Senate Bill S4530
2015-2016 Legislative Session
Sponsored By
(R, C) 53rd 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
co-Sponsors
(R, C, IP) Senate District
2015-S4530 (ACTIVE) - Details
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1115, Tax L
- Versions Introduced in 2015-2016 Legislative Session:
-
S4530
2015-S4530 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4530 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: 2013-14 - S. 1343 - Energy Committee/A. 1411 -Ways and Means
2015-S4530 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4530 2015-2016 Regular Sessions I N S E N A T E March 26, 2015 ___________ Introduced by Sens. GRIFFO, 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. LBD06062-01-5
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