Geo Tax Exemption Bill June 10 2019, 0 Comments

James Sanders, Jr.On June 4th Senator James Sanders, Jr., the Chair of the NY Senate Committee on Banks, from Queens introduced S6310, which "Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment."

This bill would give geothermal parity with solar PV, which has enjoyed a NYS sales tax exemption for residential systems since 2005 and for commercial installations since 2012. Check out NY-GEO's support letter for this legislation and stay tuned for more news on this initiative.