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Who cares
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Sponsors
History
- Substituted by A10875
- Ordered to third reading cal.1345
- Reported and committed to rules
- Reported and committed to finance
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends from January 1, 2011 until January 1, 2015, the expiration of provisions of law relating to tax exemptions for solar, wind, or farm waste energy systems
Signed by Governor · Sponsor William Magee
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to extending certain energy exemptions
Purpose
To extend certain energy exemption for more years.
Summary of provisions
Section one amends subdivision (5) of §487 of the Real Property Tax Law by extending the ability of local governments and school districts to provide a tax exemption for certain alternative and renewable energy generating systems from January 1, 2006 to January 1, 2015.
Existing law
Expires January 1, 2011.
Justification
The State has a1lowed localities and school districts to provide exemptions for property containing wind, solar and farm waste energy systems since January 1, 1991. The ability to grant these exemptions sunsets at the end of this year. This bill would extend this worthwhile program for another four years.
Legislative history
New Bill.
Fiscal implications
None to the state.
Local fiscal implications
Local fiscal implications are to be determined, however they will be subject to a vote by local government.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.