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.
Provides that a vehicle or a combination of vehicles operated by an engine fueled primarily by means of natural gas, propane gas, or hydrogen or powered primarily by means of electric battery power may exceed certain weight limits by up to two thousand pounds.
Aligns utility regulation with state climate justice and emission reduction targets; provides for a statewide affordable gas transition plan and utility home energy affordable transition programs; repeals provisions relating to continuation of gas service; repeals provisions relating to the sale of indigenous natural gas for generation of electricity.
Establishes a home heating oil rebate program for residential home heating oil customers to receive a rebate of one dollar per gallon of grade number two heating oil purchased from July 1, 2025 to June 30, 2026, of a limit up to five hundred gallons.
This bill prohibits the use of grade 4 fuel oil (a specific type of heavy fuel oil classified under ASTM D396-15c) in all buildings and facilities across the state after July 1, 2030. It directly affects commercial, industrial, and residential properties that currently rely on this fuel for heating or energy. The key provision sets a clear deadline for the phaseout, while allowing municipalities to adopt stricter local regulations if desired. The bill does not require immediate replacement but mandates a transition to alternative fuels or systems by the 2030 deadline. This is a substantive environmental regulation focused on reducing emissions from a specific fuel source.
Requires heating oil sold for use in any building in the state to be bioheating fuel that contains minimum percentages of biodiesel and/or renewable hydrocarbon diesel.
Relates to residential gas service rate discount programs for low-income and senior households; establishes the residential gas service rate discount for low-income and senior households fund; provides that an eligible household shall pay no more than six percent of such eligible household's total monthly income on gas, oil, kerosene or petroleum services and gas corporations shall offer a discount to ensure such eligible household's gas, oil, kerosene or petroleum bill or payment agreement reflect such discounted price.
Relates to bioheating fuel requirements; allows B100 or B99 biofuel and R100 or R99 renewable fuel to be used to blend with or replace fossil heating oil in order to create bioheating fuel.
Authorizes the New York state energy research and development authority to administer a program to provide grants or loans for the costs related to enabling switching residences with propane or fuel-oil heating systems to efficient electric heat pumps.
This bill requires electric and gas utilities to offer reduced rates of 25-35% to low-income households enrolled in specific assistance programs like SSI, TANF, SNAP, or home energy assistance. It directs utilities to simplify enrollment through data sharing with social services agencies and provide clear application information on bills and websites. Utilities must cover the cost of these discounts using existing profits (not raising rates for other customers) and implement the program by 2027. The policy directly affects over 1 million low-income New York households currently receiving federal or state aid.
