New York 2025-2026 Regular Session

New York Assembly Bill A03061

Introduced

1/23/25

Refer

1/23/25

Caption

Creates a tax abatement for geothermal well systems up to $62,500 for two years.

Latest NY A03061 Activity

View All Events: NY 2025-2026 Regular Session A03061

Companion Bills

No companion bills found.

Previously Filed As

NY A00637

Creates a tax abatement for geothermal well systems up to $62,500.

NY A00701

Provides a tax abatement for geothermal well systems in cities of one million or more.

NY A06113

Updates and modifies the tax abatements for certain solar and electric storage systems; grants real property tax abatements for solar parking canopy structures.

NY S06640

Updates and modifies the tax abatements for certain solar and electric storage systems; grants real property tax abatements for solar parking canopy structures.

NY S08106

Increases the amount of geothermal energy systems tax credits.

NY A08588

Increases the amount of geothermal energy systems tax credits.

NY S07889

Provides for the option of receiving any excess of the geothermal energy systems credit as a refund of an overpayment of tax.

NY A01575

Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment.

NY S05004

Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment.

NY S02007

Relates to establishing a one hundred percent clean renewable energy system for electricity by two thousand thirty-four; such energy system shall include solar, wind, geothermal and tidal sources.

Similar Bills

No similar bills found.