New York Assembly Bill A01163 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 1163 2025-2026 Regular Sessions  IN ASSEMBLY January 9, 2025 ___________ Introduced by M. of A. KIM -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to requiring piping supplies expenses to be included as an acceptable expense for purposes of any energy efficiency program overseen by the New York State Energy Research and Development Authority The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The public authorities law is amended by adding a new 2 section 1872-b to read as follows: 3 § 1872-b. Piping to be included as a permissible expense. 1. As part 4 of the weatherization and assistance program, clean energy program, or 5 any other program of a similar nature and intent however identified, 6 where the purpose is to provide a financial benefit, tax credit or other 7 incentive to an owner of real property to construct, reconstruct, 8 upgrade, retrofit, alter, provide additional equipment or fixtures, or 9 in any other manner improve energy efficiency to a building or struc- 10 ture, as part of the includable expenses, any cost or expense, including 11 but not limited to labor, supplies, estimating, planning and actually 12 and physically providing the finished product incurred in connection 13 with the system of pipes used to convey fluids (liquids and gasses) from 14 one location to another or the interconnection of pipes, plumbing 15 requirements incurred in the project shall be included in calculating 16 the dollar benefit to be provided in the same manner as any other 17 expense so incurred. Where a benefit is calculated as a partial benefit, 18 or a percentage benefit, the percentage for piping and plumbing shall be 19 at the same benefit amount, or percentage as the highest benefit or 20 percentage allowed for any other portion of the project. 21 2. The provisions of this section shall control the calculation of 22 financial benefit, the tax credit, or other incentive, notwithstanding 23 the provisions of any other law previously enacted, or any rule or regu- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01856-01-5 
 A. 1163 2 1 lation promulgated by the authority or any participant working in 2 collaboration with the authority in overseeing, conducting or offering 3 an energy efficiency benefit. 4 § 2. This act shall take effect immediately.