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Who cares
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Sponsors
No co-sponsors yet.
History
- Recommitted to rules
- Ordered to third reading cal.1585
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7875
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, as amended by chapter 366 of the laws of 2010, 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, 2105 to January 1, 2019.
Section two sets forth an immediate effective date.
Justification
The State has allowed 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.