NY A06868

Exempts qualifying green technology companies from New York sales taxes when purchasing necessary manufacturing equipment for their green technology trade or business

Requires companies to apply to the Commissioner for tax exempt status on a per-project basis, with applications evaluated based on criteria including job creation, state benefit, greenhouse gas reduction, and local unemployment rates

Caps total sales tax exemptions at $100 million across all approved projects, with priority given to applications meeting the specified criteria

Requires companies to provide an approval form to sellers within 90 days of equipment delivery or the sale becomes taxable; sales with late certificates require additional substantiation

Defines "green technology" to include sustainable technologies that reduce waste, pollution, greenhouse gas emissions, energy consumption, and promote product reclamation and efficient transportation

Requires the Commissioner to report to the Legislature and Governor within one year of program termination on job creation, business relocation, revenue generation, and environmental benefits

Expires one year after taking effect