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Sponsors
Senator · Senate District 5
1 Co-sponsor
History
- Referred to local government
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1047
- Print number 2529a
- Amend (t) and recommit to local government
- 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.
Exempts a homeowner from any tax increases when installing a solar energy system on their home
In Assembly Committee · Real Property Taxation · Sponsor William Colton
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2529A REVISED 6/7/13
Title of bill
An act to amend the real property tax law, in relation to exempting a homeowner from tax increases when installing a solar energy system on certain homes on or after January 1, 2016
Purpose
To exempt a homeowner from any property tax increase after installation of a solar energy system on their home, if the locality concurs
Summary of provisions
Section 1 of the Real Property Tax law is amended to allow solar energy systems constructed on one, two, three or four family homes on or after January 1, 2016.
Section 2- contains the effective date
Justification
This legislation would modify the Real Property Tax law regarding real property which includes a solar energy system, wind energy system and farm waste system. Currently, there is a fifteen year real property tax increase exemption for anyone who installs the aforementioned systems. These structures provide positive benefits to the environment, a reduction in pollution caused by power plants striving to meet the needs of the local energy demand, reduces the demand of foreign oil and save residents money by providing clean free energy. This legislation will permanently eliminate the increase to real property taxes which will provide further incentive for the market of individual alternative energy production and sustainability. Localities are still allowed the right to not provide this exemption.
Legislative history
2011-12: A. 3544 Real Property; S. 3409 Local Governments 2009-10: A.4896/Real Property; S.4915/Local Govt/Finance/Rules 2008:A.11203/Real Property
Fiscal implications
None
Effective date
This act shall take immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.