Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions in cities with a population of one million or more.
Enacts the "low-carbon building construction act"; relates to requiring construction of any building, addition or renovation greater than 25,000 square feet meet certain standards intended to reduce the embodied carbon emissions associated with the construction.
Establishes the electric landscaping equipment rebate program to reduce greenhouse gas emissions, improve air quality, and reduce noise pollution by promoting the adoption of quieter, zero-emission landscaping equipment; provides for rebates at the point of sale for applicants purchasing or leasing certain equipment; provides for the repeal of such provisions upon expiration thereof.
This bill requires New York's gas utilities to develop and implement hybrid heating pilot programs. These programs pair heat pumps with gas heating systems to reduce greenhouse gas emissions while maintaining reliable heating, especially in cold weather. Utilities must submit detailed plans within six months, prioritizing low-income households and disadvantaged communities, and track participation and emissions data. The state will allow utilities to recover installation costs over five years through customer surcharges, with annual reports required to evaluate performance and cost savings.
Bill A 7308 establishes a tax credit for producers of sustainable aviation fuel (SAF) sold in the state for flights departing within the state. Starting January 1, 2025, producers can claim $1 per gallon, increasing by two cents for each additional one percent reduction in carbon dioxide emissions above 50%, up to a maximum of $2 per gallon. To be eligible, producers must obtain a certificate from the New York State Energy Research and Development Authority (NYSERDA). The bill defines SAF as liquid fuel derived from renewable or waste sources, excluding palm or petroleum, that achieves at least a 50% lifecycle greenhouse gas emission reduction. The total amount of tax credits issued annually is capped at $30 million, and any credit exceeding a taxpayer's liability will be refunded.
Establishes the "clean fuel standard of 2026"; provides such standard is intended to reduce greenhouse gas intensity from the on-road transportation sector, with further reductions to be implemented based upon advances in technology.
S 2175 exempts EPA-certified low-emission and energy-efficient vehicles from New York's retail sales tax and compensating use tax. This directly affects buyers of qualifying electric, hybrid, or other ultra-low-emission vehicles (defined by EPA certification or a 9+ score on pollution and greenhouse gas ratings). The exemption is funded by offsetting tax revenue losses with proceeds from emissions allowance auctions, capped at $27 million annually. The law takes effect in the first sales tax quarter after enactment and expires December 31, 2028.
Relates to establishing an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions; establishes an energy efficiency improvement board to approve the abatements and exemptions.
This bill exempts low-emission and energy-efficient vehicles from New York's sales and use taxes. Vehicles must meet EPA air pollution and greenhouse gas standards (either EPA-certified or scoring 9+ on both metrics per the EPA's Green Vehicle Guide), with the state maintaining a public list of qualifying models. The tax exemption is funded by proceeds from emissions allowance auctions, capped at $27 million annually. The provision expires December 31, 2028.
Directs the New York state energy research and development authority to conduct a study of the technical and economic feasibility and ratepayer impact of a zero-emission electrical system and a reduction in greenhouse gas emissions.
