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History
- Signed chap.344
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.199
- Substituted for A9446A
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 58–0
- Amended on third reading 7026a
- Advanced to third reading
- 2nd report cal.
Show 2 earlier actions
- 1st report cal.891
- 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.
Relates to the exemption from taxation for certain solar or wind energy systems or farm waste energy systems
Assembly Floor Calendar · Sponsor Amy Paulin
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7026A
Title of bill
An act to amend the real property tax law, in relation to exemption from taxation for certain solar or wind energy systems or farm waste energy systems
Purpose
To extend until 2025 a real property tax exemption for solar, wind and farm waste energy systems at local option.
Summary of Provisions:
Section 1. Extends until 2025 the real property tax exemption for solar, wind and farm waste energy systems at local option.
Section 2. Defines start of construction for such systems as the execution of an interconnection agreement with the utility company and requires written notification of such execution to the local jurisdiction by the owner or developer.
Section 3. Clarifies that upon notification of the start of construction, a taxing jurisdiction must notify the developer or owner within 60 days if such jurisdiction's intention is to require an agreement for payment in lieu of taxes.
Section 4. Sets forth the effective date.
Justification
The option to exempt wind, solar and farm waste energy systems from real property taxes, has helped to spur the development of renewable energy across New York State and in turn contributed to reductions in harmful emissions. The extension contemplated in this bill will provide surety to developers of renewable energy that the option for a real property tax exemption will exist well into the future, while also clarifying the responsibilities of the developer and the local taxing jurisdiction. This bill requires that any local law or resolution that would deny the right to a tax exemption must be passed before work on the system in question has begun construction and that once notified of the start of construction a taxing jurisdiction will have a specific amount of time to require a payment in lieu of taxes (PILOT). These additions to the law provide surety and a guarantee of fair play for both the taxing jurisdiction and the developer, and such assurances are important so that the rules are clear and not subject to change mid-stream
Fiscal implications
None
History
This is a new bill
Effective date
This bill shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.