Bill Text: NY S06250 | 2015-2016 | General Assembly | Amended

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2016-06-09 - referred to ways and means [S06250 Detail]

Download: New_York-2015-S06250-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6250--A
                    IN SENATE
                                       (Prefiled)
                                     January 6, 2016
                                       ___________
        Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
          printed to be committed to the Committee on  Energy  and  Telecommuni-
          cations -- reported favorably from said committee and committed to the
          Committee  on  Finance  -- committee discharged, bill amended, ordered
          reprinted as amended and recommitted to said committee
        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:
     1    Section 1. Section 1115 of the tax law is  amended  by  adding  a  new
     2  subdivision (ll) to read as follows:
     3    (ll) Receipts from the retail sale of residential geothermal heat pump
     4  systems equipment and of the service of installing such systems shall be
     5  exempt  from  tax  under this article. For purposes of this subdivision,
     6  "residential geothermal  heat  pump  system  equipment"  shall  mean  an
     7  arrangement or combination of components installed in and around a resi-
     8  dential building that uses the ground or ground water as a thermal ener-
     9  gy source or as a thermal energy sink designed to provide and distribute
    10  heating,  and/or cooling, and/or hot water, also commonly referred to as
    11  ground source heat pump systems. Such arrangement  or  components  shall
    12  not  include  any  sort  of recreational facility or equipment used as a
    13  storage medium.
    14    § 2. Section 1115 of the tax law is amended by adding a  new  subdivi-
    15  sion (mm) to read as follows:
    16    (mm)  Receipts from the retail sale of commercial geothermal heat pump
    17  systems equipment and of the service of installing such systems shall be
    18  exempt from taxes imposed by sections eleven  hundred  five  and  eleven
    19  hundred  ten of this article. For purposes of this subdivision, "commer-
    20  cial geothermal heat pump system equipment" shall mean an arrangement or
    21  combination of components installed in and around a commercial  building
    22  that  uses the ground or ground water as a thermal energy source or as a
    23  thermal energy sink designed to provide and distribute  heating,  and/or
    24  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.
                                                                   LBD13225-04-6