Senate Bill S876

2017-2018 Legislative Session

Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment

download bill text pdf

Sponsored By

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

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2017-S876 (ACTIVE) - Details

Current Committee:
Senate Energy And Telecommunications
Law Section:
Tax Law
Laws Affected:
Amd §§1115, 1210, 1212 & 1224, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S6250
2019-2020: S6310
2021-2022: S642
2023-2024: S5004

2017-S876 (ACTIVE) - Summary

Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment.

2017-S876 (ACTIVE) - Sponsor Memo

2017-S876 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    876
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 5, 2017
                                ___________
 
 Introduced  by  Sen.  ORTT  --  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 providing an exemption for
   geothermal heat pump systems equipment
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  1115  of  the tax law is amended by adding a new
 subdivision (ll) to read as follows:
   (LL) RECEIPTS FROM THE RETAIL SALE OF RESIDENTIAL GEOTHERMAL HEAT PUMP
 SYSTEMS EQUIPMENT AND OF THE SERVICE OF INSTALLING SUCH SYSTEMS SHALL BE
 EXEMPT FROM TAX UNDER THIS ARTICLE. FOR PURPOSES  OF  THIS  SUBDIVISION,
 "RESIDENTIAL  GEOTHERMAL  HEAT  PUMP  SYSTEM  EQUIPMENT"  SHALL  MEAN AN
 ARRANGEMENT OR COMBINATION OF COMPONENTS INSTALLED IN AND AROUND A RESI-
 DENTIAL BUILDING THAT USES THE GROUND OR GROUND WATER AS A THERMAL ENER-
 GY SOURCE OR AS A THERMAL ENERGY SINK DESIGNED TO PROVIDE AND DISTRIBUTE
 HEATING, AND/OR COOLING, AND/OR HOT WATER, ALSO COMMONLY REFERRED TO  AS
 GROUND  SOURCE  HEAT  PUMP SYSTEMS. SUCH ARRANGEMENT OR COMPONENTS SHALL
 NOT INCLUDE ANY SORT OF RECREATIONAL FACILITY OR  EQUIPMENT  USED  AS  A
 STORAGE MEDIUM.
   §  2.  Section 1115 of the tax law is amended by adding a new subdivi-
 sion (mm) to read as follows:
   (MM) RECEIPTS FROM THE RETAIL SALE OF COMMERCIAL GEOTHERMAL HEAT  PUMP
 SYSTEMS EQUIPMENT AND OF THE SERVICE OF INSTALLING SUCH SYSTEMS SHALL BE
 EXEMPT  FROM  TAXES  IMPOSED  BY SECTIONS ELEVEN HUNDRED FIVE AND ELEVEN
 HUNDRED TEN OF THIS ARTICLE. FOR PURPOSES OF THIS SUBDIVISION,  "COMMER-
 CIAL GEOTHERMAL HEAT PUMP SYSTEM EQUIPMENT" SHALL MEAN AN ARRANGEMENT OR
 COMBINATION  OF COMPONENTS INSTALLED IN AND AROUND A COMMERCIAL BUILDING
 THAT USES THE GROUND OR GROUND WATER AS A THERMAL ENERGY SOURCE OR AS  A
 THERMAL  ENERGY  SINK DESIGNED TO PROVIDE AND DISTRIBUTE HEATING, AND/OR
 COOLING, AND/OR HOT WATER, ALSO COMMONLY REFERRED TO  AS  GROUND  SOURCE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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