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NY A01999
Bill
Status
1/12/2011
Primary Sponsor
James Tedisco
Click for details
AI Summary
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Reduces utility services tax rates on gas and electricity distribution, phasing to zero percent effective January 1, 2005 for most utilities.
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Provides sales and compensating use tax exemptions for Energy Star appliances during the first week of each sales tax quarter, applicable to refrigerators, freezers, clothes washers/dryers, dishwashers, air conditioners, furnaces, boilers, water heaters, thermostats, and other energy-efficient residential and non-commercial appliances.
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Establishes a $100 heating credit for qualifying senior citizens age 65 and older with adjusted gross income under $66,050 who lease their primary residence and pay heating costs for taxable year 2012.
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Creates a STAR energy rebate program providing $200 rebate checks to senior citizens receiving enhanced STAR exemption benefits for the 2012-2013 school year, with $128 million appropriated for the program.
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Establishes a clean energy production credit equal to one cent per kilowatt-hour for electricity generated at qualified facilities using solar, wind, hydroelectric, geothermal, or biomass technologies with minimum 10 megawatts capacity, placed in service after July 31, 2012, available for five years; increases fuel cell electric generating equipment tax credit from 20 to 25 percent.
Legislative Description
Enacts the tax relief on energy act; relates to the tax on furnishing of utility services; provides a sales and compensating use tax exemption on Energy Star appliances; provides for a heating credit for qualifying senior citizens living in leased housing; creates the STAR energy rebate program; establishes a clean energy production credit; provides for small business energy tax reduction; provides a tax credit on qualified fuel cell electric generating equipment expenditures; appropriation.
Last Action
held for consideration in ways and means
6/19/2012