Bill Text: NY S04530 | 2015-2016 | General Assembly | Introduced

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Bill Title: Exempts from sales and use tax any geothermal system.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S04530 Detail]

Download: New_York-2015-S04530-Introduced.html

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                           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:
    1    Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
    2  by adding a new paragraph 44 to read as follows:
    3    (44) SALE OR PURCHASE OF ANY GEOTHERMAL SYSTEMS.
    4    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