NY A04073

Exempts qualifying green technology companies from sales taxes when purchasing necessary manufacturing equipment used in green technology businesses in New York.

Requires companies to apply to the Commissioner for tax-exempt status, with applications evaluated individually based on criteria including job creation, state benefit, pollution 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 sellers to receive an approval form from the purchaser within 90 days of equipment delivery; failure to provide the form within this period deems the sale taxable.

Mandates the Commissioner, in conjunction with the Department of Economic Development and Department of Environmental Conservation, to report to the Legislature and Governor on program effectiveness within one year of the program's termination date.

Expires one year after the bill's effective date.