Residential Energy

Residential Energy Refunds: NYS Law Section 1105-A of the Tax Law provides for an exemption from the statewide sales and compensating use taxes imposed on energy sources and service (i.e., fuel oil, natural gas, electricity, etc.) when sold for residential use. Section 1210(a)(3) and 1210(b)(3) of the Tax Law provides for either a reduction in the rate of local sales and compensating use taxes, or an exemption from local taxes, with respect to energy sources and services sold for residential use.

Our Residential Energy Refund clients must be paying tax over 4% and have only one meter on gas & electric.

Client Analysis: Before beginning any refund process our staff performs a free analysis. The purpose of the analysis is to determine if your Multi –Family property qualifies for a refund based on New York State Tax Laws.

The Client will forward or make available to BMG at least one bill for each fuel supplier used in the last 3 years.

All proper New York State and BMG Inc. forms must be completed by mail or in person.

BMG will request a 3 year billing history from your providers.

BMG will complete and process all necessary documents to forward your refund claim to the NYS refund department. After the refund claim is submitted,

BMG will inform the client by mail of all updates regarding the refund process.

BMG will work directly with the Tax Department to resolve any questions regarding the claim. Upon receipt of the refund check,

BMG will contact the client to make arrangements to distribute the refund.