Kolb Looks to Save Homeowners Money on Home Heating Costs

Assemblyman, Minority Conference proactive in helping low, fixed-income households
May 28, 2008

Assemblyman Brian M. Kolb (R,C,I-Canandaigua) stood with members of the Minority Conference yesterday in calling for the enactment of measures that will save residents money on home heating bills this winter.

“With summer upon us, few of us are thinking about the cold weather months. However, we need to be proactive and address soaring fuel costs now,” said Kolb. “In addition to eliminating the state taxes on gasoline, we need to enact legislation that will save state residents money on their home heating bills.”

My Assembly colleagues and I are fighting for:

  • Senior Heat Tax Rebate (Assembly Bill A.5353-A): Creates a $200 "Heat Tax Rebate" to help seniors afford the costs of heating their homes;
  • Personal Income Tax credit (Proposed): Gives taxpayers whose home heating costs exceed 5 percent of their New York Adjusted Gross Income a tax credit equal to the total amount of heating costs that exceed that 5 percent;
  • Residential Petroleum Tank Credit (Assembly Bill A.6270): Provides a $500 tax credit for the cost of removing an old tank and installing a new one;
  • Energy-Efficient Improvements (Assembly Bill A.6603): Provides a tax-credit of 25 percent, or up to $2,500, to offset the cost of energy-efficient improvements to a residence; and

  • Sales Tax Exemption for Alternative Fuels (Assembly Bill A.5465): Exempts the state sales tax on alternative fuels used for home heating purposes, including, but not limited to, wood pellets, corn and ethanol.

“We strongly urge the passage of these important measures before this legislative session comes to an end. By doing so, we can save hard-pressed taxpayers’ money, and for those on a low or fixed income, like seniors and young families, the money they save might mean the difference between staying here in New York or fleeing to a less expensive place to live. The time for action on this issue is now, not just when the weather is cold,” concluded Kolb.