What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Print number 1213a
- Amend and recommit to local government
- Referred to local government
- Referred to local government
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 exempting property owners from tax increases when installing a wind energy system on or after January 1, 2018
Purpose
Exempts property owners from tax increases due to the installation of a wind energy generating system
Summary of provisions
Section 1 amends subdivision 5 of section 487 of the real property tax law, as amended by chapter 366 of the laws of 2010, to exempt tax increases when installing a wind energy system constructed on residential, commercial, or agricultural property on or after January 1, 2018.
Section 2 provides that this act shall take effect immediately.
Justification
This legislation will modify the Real Property Tax law regarding real property, which includes a wind energy system. Currently there is a fifteen-year real property tax exemption for anyone who installs a wind energy system. 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 saves residents money by providing clean free energy. This legislation will permanently eliminate the increase to real property tax, which will provide further incentive for the market of individual wind energy production and sustainability.
Legislative history
This is a new bill.
Local fiscal implications
None
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.