senate Bill S642

2021-2022 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

Current Bill Status - In Senate Committee Finance Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 04, 2021 reported and committed to finance
Jan 06, 2021 referred to budget and revenue

Votes

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May 4, 2021 - Budget and Revenue committee Vote

S642
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Budget and Revenue committee vote details

Budget and Revenue Committee Vote: May 4, 2021

S642 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Amd §§1115, 1210, 1212 & 1224, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S6250
2017-2018: S876
2019-2020: S6310

S642 (ACTIVE) - Summary

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

S642 (ACTIVE) - Sponsor Memo

S642 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    642
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 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

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