New York bill A03205 proposes a personal income tax deduction for residential heating expenses.

New York Assembly Bill A03205 amends the state tax law to authorize a personal income tax deduction for expenses related to residential heating. This deduction applies to costs for various heating fuels and utilities, including fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene, and other fuels used to heat a taxpayer's primary residence. The bill defines a "qualified taxpayer" as a resident individual who maintained their primary residence in New York on December 31 of the taxable year and was either the owner of the property or a renter responsible for heating costs.

New York bill A03205 proposes a personal income tax deduction for residential heating expenses.

New York Assembly Bill A03205 amends the state tax law to authorize a personal income tax deduction for expenses related to residential heating. This deduction applies to costs for various heating fuels and utilities, including fuel oil, coal, wood, propane, natural gas, electricity, steam, kerosene, and other fuels used to heat a taxpayer's primary residence. The bill defines a "qualified taxpayer" as a resident individual who maintained their primary residence in New York on December 31 of the taxable year and was either the owner of the property or a renter responsible for heating costs.