New York bill S00729 proposes a tax credit for densified biomass fuel expenditures, defined as U.S.-made solid fuel used for heating homes in the.

New York bill S00729 amends the tax law to introduce a credit for densified biomass fuel expenditures. This credit allows resident owners of real property to deduct thirty percent of their qualified densified biomass fuel expenditures from their real property taxes. The bill defines "qualified densified biomass fuel expenditures" as costs for U.S.-made solid fuel used to heat a dwelling unit in New York. "Densified biomass fuel" includes solid fuels made from woody or agricultural biomass, such as wood pellets.

New York bill S00729 proposes a tax credit for densified biomass fuel expenditures, defined as U.S.-made solid fuel used for heating homes in the.

New York bill S00729 amends the tax law to introduce a credit for densified biomass fuel expenditures. This credit allows resident owners of real property to deduct thirty percent of their qualified densified biomass fuel expenditures from their real property taxes. The bill defines "qualified densified biomass fuel expenditures" as costs for U.S.-made solid fuel used to heat a dwelling unit in New York. "Densified biomass fuel" includes solid fuels made from woody or agricultural biomass, such as wood pellets.