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NY A02055

Bill

Official Source

Status

Introduced

1/15/2009

Primary Sponsor

James Bacalles

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Eliminates the "residential" restriction from heating fuel exemptions in tax law sections 301-b and 301-c, allowing exemptions for all heating purposes rather than only residential heating
  • Removes provisions creating a partial non-residential heating exemption with separate tax calculation rates (previously 20% and 46% of base tax rates depending on the time period)
  • Applies exemption changes to unenhanced diesel motor fuel, enhanced diesel motor fuel, and residual petroleum products sold for heating purposes
  • Maintains existing requirements that fuel be delivered into storage tanks attached to heating units and not equipped with hoses for vehicle fuel dispensing
  • Takes effect 180 days after becoming law

Legislative Description

An act to amend the tax law, in relation to eliminating the residential restriction for heating exemptions

Last Action

held for consideration in ways and means

7/1/2010

Committee Referrals

Ways and Means1/15/2009

Full Bill Text

No bill text available