S T A T E O F N E W Y O R K
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1479
2025-2026 Regular Sessions
I N S E N A T E
January 10, 2025
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Introduced by Sens. O'MARA, ASHBY, BORRELLO, CANZONERI-FITZPATRICK,
GRIFFO, HELMING, OBERACKER, STEC, TEDISCO, WEBER -- 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 establishing a home heating
tax credit; and providing for the repeal of such provisions upon expi-
ration thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 606 of the tax law is amended by adding a new
subsection (ll-1) to read as follows:
(LL-1) HOME HEATING TAX CREDIT. (1) FOR PURPOSES OF THIS SUBSECTION
THE TERM "QUALIFIED TAXPAYER" SHALL MEAN A RESIDENT INDIVIDUAL OF THE
STATE, WHO MAINTAINED SUCH INDIVIDUAL'S PRIMARY RESIDENCE IN THIS STATE
ON DECEMBER THIRTY-FIRST OF THE TAXABLE YEAR, AND WHO WAS AN OWNER OF
SUCH PROPERTY ON SUCH DATE OR RENTERS WHO ARE RESPONSIBLE FOR PAYING FOR
THEIR OWN HEAT, AND WHO ARE NOT ELIGIBLE FOR THE HOME ENERGY ASSISTANCE
PROGRAM. AN INDIVIDUAL SHALL BE CONSIDERED A QUALIFIED TAXPAYER WITH
RESPECT TO NO MORE THAN ONE PRIMARY RESIDENCE DURING ANY GIVEN TAXABLE
YEAR.
(2) THE TAX CREDIT UNDER THIS SUBSECTION SHALL BE DETERMINED AS
FOLLOWS:
(A) FOR SINGLE INDIVIDUALS THAT ARE QUALIFIED TAXPAYERS, A CREDIT OF
THREE HUNDRED DOLLARS FOR THOSE WITH INCOME OF ONE HUNDRED TWENTY-FIVE
THOUSAND DOLLARS OR LESS.
(B) FOR MARRIED INDIVIDUALS THAT ARE QUALIFIED TAXPAYERS AND FILE
JOINTLY, A CREDIT OF SIX HUNDRED DOLLARS FOR THOSE WITH INCOME OF TWO
HUNDRED FIFTY THOUSAND DOLLARS OR LESS.
(3) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION SHALL
EXCEED THE TAXPAYER'S TAX FOR THE TAXABLE YEAR, THE EXCESS SHALL BE
TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORD-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04395-02-5
S. 1479 2
ANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTI-
CLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON. FOR EACH
YEAR SUCH CREDIT IS ALLOWED, ON OR BEFORE OCTOBER FIFTEENTH OF SUCH
YEAR, OR AS SOON THEREAFTER AS IS PRACTICABLE, THE COMMISSIONER SHALL
DETERMINE THE TAXPAYER'S ELIGIBILITY FOR SUCH CREDIT UTILIZING THE
INFORMATION AVAILABLE TO THE COMMISSIONER ON THE TAXPAYER'S PERSONAL
INCOME TAX RETURN FILED FOR THE TAXABLE YEAR TWO YEARS PRIOR TO THE
TAXABLE YEAR IN WHICH SUCH CREDIT IS ALLOWED. FOR THOSE TAXPAYERS WHOM
THE COMMISSIONER HAS DETERMINED TO BE ELIGIBLE FOR SUCH CREDIT, THE
COMMISSIONER SHALL ADVANCE A PAYMENT IN THE AMOUNT SPECIFIED IN PARA-
GRAPH TWO OF THIS SUBSECTION, WHICH PAYMENT SHALL BE ISSUED, TO THE
GREATEST EXTENT PRACTICABLE, BY OCTOBER THIRTY-FIRST OF EACH YEAR SUCH
CREDIT IS ALLOWED. A TAXPAYER WHO HAS FAILED TO RECEIVE AN ADVANCE
PAYMENT THAT SUCH TAXPAYER BELIEVES WAS DUE TO SUCH TAXPAYER, OR WHO HAS
RECEIVED AN ADVANCE PAYMENT THAT SUCH TAXPAYER BELIEVES IS LESS THAN THE
AMOUNT THAT WAS DUE TO SUCH TAXPAYER, MAY REQUEST PAYMENT OF SUCH
CLAIMED DEFICIENCY IN A MANNER PRESCRIBED BY THE COMMISSIONER.
§ 2. This act shall take effect immediately and shall apply to the
taxable year 2024 and shall expire and be deemed repealed December 31,
2025.
Tax credit sounds great and all but that means I have to pay the bill I can't afford. $350 jump from Jan 2024 to Jan 2025 using LESS usage. This is obscene! NYSEG's only response is to make a payment arrangement. The rates are literally four times higher than Jan of last year, how is this legal??