New York S02348 provides a tax exemption on alternative energy systems, new Energy Star appliances, and tangible personal property used to improve.

New York S02348 amends the tax law to exempt sales and compensating use taxes on alternative energy systems, new Energy Star appliances, and tangible personal property used to improve energy efficiency in residential and non-residential structures. The bill defines relevant terms and authorizes municipalities to adopt the exemption. The tax exemption applies to systems not relying on petroleum products or natural gas, Energy Star appliances, and tangible personal property like insulation and weather stripping.

New York S02348 provides a tax exemption on alternative energy systems, new Energy Star appliances, and tangible personal property used to improve.

New York S02348 amends the tax law to exempt sales and compensating use taxes on alternative energy systems, new Energy Star appliances, and tangible personal property used to improve energy efficiency in residential and non-residential structures. The bill defines relevant terms and authorizes municipalities to adopt the exemption. The tax exemption applies to systems not relying on petroleum products or natural gas, Energy Star appliances, and tangible personal property like insulation and weather stripping.