Assembly Bill A3460

2023-2024 Legislative Session

Authorizes a personal income tax deduction for home heating expenses

download bill text pdf

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Current Bill Status - In Assembly 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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2023-A3460 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in 2021-2022 Legislative Session:
A9616

2023-A3460 (ACTIVE) - Summary

Authorizes a personal income tax deduction for expenses paid during the taxable year by a qualified taxpayer attributable to the cost of residential heating, including, but not limited to amounts paid for fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene and any other fuel used to heat such taxpayer's primary residence.

2023-A3460 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3460
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 3, 2023
                                ___________
 
 Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law,  in  relation  to  authorizing  a  personal
   income tax deduction for home heating expenses
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subsection (c) of section 612 of the tax law is amended  by
 adding a new paragraph 47 to read as follows:
   (47) (A) EXPENSES PAID DURING THE TAXABLE YEAR BY A QUALIFIED TAXPAYER
 ATTRIBUTABLE  TO  THE  COST  OF  RESIDENTIAL HEATING, INCLUDING, BUT NOT
 LIMITED TO AMOUNTS PAID FOR FUEL OIL, COAL, WOOD, PROPANE, NATURAL  GAS,
 ELECTRICITY,  STEAM,  KEROSENE  AND  ANY  OTHER  FUEL  USED TO HEAT SUCH
 TAXPAYER'S PRIMARY RESIDENCE.
   (B) FOR THE PURPOSES OF THIS  PARAGRAPH,  "QUALIFIED  TAXPAYER"  SHALL
 MEAN  A  RESIDENT  INDIVIDUAL  OF  THE  STATE, WHO MAINTAINED HIS OR HER
 PRIMARY RESIDENCE IN THIS STATE ON DECEMBER THIRTY-FIRST OF THE  TAXABLE
 YEAR,  AND WHO WAS: (I) AN OWNER OF SUCH PROPERTY ON SUCH DATE OR (II) A
 RENTER OF SUCH PROPERTY ON SUCH DATE WHO WAS RESPONSIBLE FOR PAYING  FOR
 THE COST OF HEATING SUCH PROPERTY.
   § 2. This act shall take effect immediately and shall apply to taxable
 years  commencing  on or after the first of January in the year in which
 it shall have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07316-01-3

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