New York A 986: Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment

Bill Text

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A00986 Summary:

BILL NOA00986 

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SAME ASSAME AS S03353

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SPONSORRivera

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COSPNSRBarrett, Brabenec, Burke, Burdick, Carroll P, Carroll R, Davila, Dilan, Gallagher, Glick, Hevesi,
 Jacobson, Kelles, Lunsford, Lupardo, Meeks, Mitaynes, Otis, Paulin, Seawright, Simon, Stern, Steck,
 Rosenthal, Conrad

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MLTSPNSR

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Amd §§1115, 1210, 1212 & 1224, Tax L

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

Go to top A00986 Actions:

BILL NOA00986 

&nbsp

01/08/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA00986 Committee&nbspVotes:

Go to topA00986 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00986 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 986

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. RIVERA, BARRETT, BRABENEC, BURKE, BURDICK,
 P. CARROLL, R. CARROLL, DAVILA, DILAN, GALLAGHER, GLICK, HEVESI,
 JACOBSON, KELLES, LUNSFORD, LUPARDO, MEEKS, MITAYNES, OTIS, PAULIN,
 SEAWRIGHT, SIMON, STERN, STECK, ROSENTHAL, CONRAD -- 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. Subdivision (a) of section 1115 of the tax law is amended
 2 by adding a new paragraph 47 to read as follows:
 3 (47) 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 paragraph,
 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 § 2. Section 1115 of the tax law is amended by adding a new subdivi-
 15 sion (mm) to read as follows:
 16 (mm) 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

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01089-01-5

 A. 986 2

 1 that uses the ground or ground water as a thermal energy source or as a
 2 thermal energy sink designed to provide and distribute heating, and/or
 3 cooling, and/or hot water, also commonly referred to as ground source
 4 heat pump systems. Such arrangement or components shall not include any
 5 sort of recreational facility or equipment used as a storage medium.
 6 § 3. Subparagraph (xiv) of paragraph 4 of subdivision (a) of section
 7 1210 of the tax law, as added by section 2 of part WW of chapter 60 of
 8 the laws of 2016, is amended and a new subparagraph (xvi) is added to
 9 paragraph 4 to read as follows:
 10 [(xiv)] (xv) shall omit, unless such city elects otherwise, the
 11 exemption for commercial fuel cell electricity generating systems equip-
 12 ment and electricity generated by such equipment provided in subdivision
 13 (kk) of section eleven hundred fifteen of this chapter[.]; and (xvi)
 14 shall omit unless such city elects otherwise, the residential geothermal
 15 heat pump systems equipment and installation exemption provided for in
 16 paragraph forty-seven of subdivision (a) of section eleven hundred
 17 fifteen of this chapter; and shall omit unless such city elects other-
 18 wise, the commercial geot