Bill Text: NY A05508 | 2015-2016 | General Assembly | Introduced

---

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

Spectrum: Slight Partisan Bill (Democrat 22-11)

Status: (Introduced - Dead) 2015-06-09 - substituted by s4279 [A05508 Detail]

Download: New_York-2015-A05508-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5508
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 24, 2015
                                      ___________
       Introduced by M. of A. JAFFEE -- read once and referred to the Committee
         on Ways and Means
       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 (jj) to read as follows:
    3    (JJ) 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    S  2.  Section 1115 of the tax law is amended by adding a new subdivi-
   15  sion (kk) to read as follows:
   16    (KK) 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
   25  HEAT  PUMP SYSTEMS. SUCH ARRANGEMENT OR COMPONENTS SHALL NOT INCLUDE ANY
   26  SORT OF RECREATIONAL FACILITY OR EQUIPMENT USED AS A STORAGE MEDIUM.
   27    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09391-01-5