Monday, January 07, 2013

Sunshine Breaks on Solar Purchases for Business

New this year, you could get a tax break when installing solar energy equipment in a commercial building, the New York State Department of Taxation and Finance announced.

Beginning January 1, 2013, the State's 4% sales tax won't be charged on the sale or installation of commercial solar energy systems equipment. The exemption also applies to the 3/8% sales tax imposed in the Metropolitan Commuter Transportation District.

The new law also allows cities and counties, including New York City, to provide a similar exemption from their local sales taxes.

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