What's happening
This bill exempts property owners from real estate tax increases when they install wind energy systems after January 1, 2021.
Why it matters
Encourages clean energy adoption. by removing a key financial barrier (property tax increases), making it more attractive for homeowners, businesses, and farmers to invest in wind energy systems.
Targets new installations only. , specifically those placed on residential, commercial, or agricultural properties after January 1, 2021—potentially spurring a new wave of green infrastructure rather than rewarding previous adopters.
May influence local government revenues. , as more properties could become tax-exempt for improvements related to wind energy, impacting funding for schools, infrastructure, and services unless offset by other sources.
Signals state policy support for renewable energy. , possibly aligning New York more closely with ambitious climate and sustainability goals, while providing a model for other states considering similar incentives.
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Who cares
Headline styles
No Tax Hike 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
3590
2019-2020 Regular Sessions
IN SENATE
February 11, 2019
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, 2021
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 325 of the laws of 2018, is amended to read as follows:
5. The exemption granted pursuant to this section shall only be applicable to (a) solar or wind energy systems or farm waste energy systems which are (i) existing or constructed prior to July first, nineteen hundred eighty-eight or (ii) constructed subsequent to January first, nineteen hundred ninety-one and prior to January first, two thousand twenty-five, [and] (b) micro-hydroelectric energy systems, fuel cell electric generating systems, micro-combined heat and power generating equipment systems, electric energy storage equipment or electric energy storage system, or fuel-flexible linear generator electric generating system which are constructed subsequent to January first, two thousand eighteen and prior to January first, two thousand twenty-five, and (c) wind energy systems constructed on residential, commercial or agricultural property on or after January first, two thousand twenty-one.
§ 2. This act shall take effect immediately; provided, however that if chapter 325 of the laws of 2018 shall not have taken effect on or before such date then section one of this act shall take effect on the same date and in the same manner as such chapter of the laws of 2018, takes effect.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09570-01-9
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, 2021
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 residen- tial, 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 envi- ronment, 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
2017/2018: S3407 - Referred to Local Government 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.