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Sponsors
1 Co-sponsor
History
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1166
- 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 energy systems
In Assembly Committee · Real Property Taxation · Sponsor Amy Paulin
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7204
Title of bill
An act to amend the real property tax law, in relation to exemption from taxation for certain energy systems
Purpose of the bill
The bill would encourage the installation of micro-hydroelectric energy systems, fuel cell electric generating systems and micro-combined heat and power generating equipment systems by extending to those systems eligibility for certain real property tax exemptions available under existing law to solar, wind and farm waste energy systems.
Summary of provisions
Section 1 of the bill would amend subdivisions 2, 3 and 4 of section 487 of the real property tax law ("RPTL") by extending to micro-hydroelectric energy systems, fuel cell electric generating systems and micro-combined heat and power generating equipment systems certain exemptions from real property taxation that are available under current law to solar and wind energy systems and farm waste energy systems.
Section 2 of the bill would add to subdivision 1 of section 487 of the RPTL the following new definitions: "micro-hydroelectric energy equipment", "micro-hydroelectric energy system", "fuel cell electric generating equipment", "fuel cell electric generating system", "micro-combined heat and power generating equipment" and "micro-combined heat and power generating equipment system".
Section 3 of the bill would amend subdivision 5 of section 487 of the RPTL by changing from January 1, 2015 to January 1, 2017 the date prior to which solar, wind and farm waste energy systems must be constructed in order to be eligible for the tax exemption, and by providing that the exemption would he available to micro-hydroelectric energy systems, fuel cell electric generating systems and micro-combined heat and power generating equipment systems constructed after January 1, 2015 and prior to January 1, 2017.
Section 4 of the bill would amend subdivision 8 of section 487 of the RPTL to provide that a municipality or school district may opt out of the tax exemption with respect either to solar, wind and farm waste systems constructed subsequent to January 1, 1991, the renewable energy systems added to law through this bill, or both.
Section 5 of the bill provides an effective date of January 1, 2015.
Justification
Existing law encourages the installation of solar, wind energy and farm waste energy systems by providing property owners a real property tax exemption equal to the amount of assessed value attributable to the installation of those systems. This bill encourages the installation of micro-hydroelectric energy systems, fuel cell electric generating systems and micro-combined heat and power generating equipment systems by extending the same property tax exemption to
those systems constructed after the effective date of the bill and prior to January 1, 2017. The inclusion of additional types of renewable energy systems will encourage the installation of those systems in areas or on properties where solar, wind and farm waste technologies are not feasible or are less appropriate.
Fiscal implications
None.
Effective date
January 1, 2015.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.