Governor Vetoes Both Geothermal Bills January 14 2016
Governor Cuomo has vetoed the geothermal tax credit and sales tax exemption bills.
This is very disappointing but we are prepared to move forward.
The rationale expressed was that the bills would impact state revenues and the appropriate venue for revenue impacting legislation is in the budget.
Our legislative sponsors are looking to include these measures in the upcoming 2016-17 budget.
The budget will be proposed by the Governor at the beginning of the year and is scheduled to passed by April 1st and to take effect July 1st.
The Governor's comment line remains 518-474-1041 if you wish to express your opinion.
We will be in touch as things develop.
Thanks to all of you who participated in the petitions, letters and calls in support of this initiative.
Please stick with us as we move forward.