What's happening
This bill exempts property owners from real estate tax increases when installing wind energy systems on or after January 1, 2019.
Why it matters
Encourages clean energy adoption. By exempting wind energy system installations from property tax increases, the bill makes investing in renewable energy more financially attractive for homeowners, businesses, and farms.
Targets recent and future projects. The exemption specifically covers wind systems installed on or after January 1, 2019, ensuring that recent adopters and those considering future installations benefit from the tax relief.
Supports local economic and environmental goals. Reduced tax burdens can incentivize more widespread adoption of wind energy, contributing to local job creation, reduced greenhouse gas emissions, and progress toward state renewable energy targets.
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Who cares
Headline styles
Stop Tax Hikes for Wind
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to local government
- Referred to local government
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3407
2017-2018 Regular Sessions
IN SENATE
January 23, 2017
Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government
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, 2019
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 5 of section 487 of the real property tax law, as amended by chapter 344 of the laws of 2014, is amended to read as follows:
5. The exemption granted pursuant to this section shall only be applicable to solar or wind energy systems or farm waste energy systems which are (a) existing or constructed prior to July first, nineteen hundred eighty-eight [or], (b) constructed subsequent to January first, nineteen hundred ninety-one and prior to January first, two thousand twenty-five, or (c) wind energy systems constructed on residential, commercial or agricultural property on or after January first, two thousand nineteen.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06222-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
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, 2019
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, 2019.
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
2015-16: S.1213A - Amend and Recommit to Local Government 2014: S.7446 Referred to Local Government
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.