Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 23, 2014 |
signed chap.396 |
Sep 11, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly ordered to third reading rules cal.485 substituted for a9680 |
Jun 10, 2014 |
referred to real property taxation delivered to assembly passed senate |
Jun 03, 2014 |
advanced to third reading |
Jun 02, 2014 |
2nd report cal. amended (t) 7464a |
May 29, 2014 |
1st report cal.1040 |
May 15, 2014 |
referred to cities |
Senate Bill S7464A
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2013-S7464 - Details
- See Assembly Version of this Bill:
- A9680
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §§499-bbbb & 499-cccc, RPT L
2013-S7464 - Sponsor Memo
BILL NUMBER:S7464 TITLE OF BILL: An act to amend the real property tax law, in relation to the solar electric generating system tax abatement for certain prop- erties in a city of one million or more persons PURPOSE: This bill would amend subdivision one of section 499-bbbb of the Real Property Tax Law (RPTL) by adding a new paragraph (c) and would amend subdivision one of section 499-ccc of the RPTL. SUMMARY OF PROVISIONS: If the solar electric generating system is placed in service on or after January 1, 2014 and before January 1, 2017, the amount of the tax abatement would be 5% of eligible solar electric generating system expenditures in each year of the four-year compliance period. However, the benefit in each tax year would be limited to the lesser of the amount of taxes payable or $62,500. "Eligible solar elec- tric generating system expenditures" include reasonable expenditures for materials, labor costs properly allocable to on-site preparation, assem- bly and original installation, architectural and engineering services, and designs and plans directly related to the construction or installa- tion of the solar electric generating system. JUSTIFICATION: This legislation would extend and strengthen an existing incentive program to encourage the installation of solar electric gener- ating systems, in connection with class one, class two and class four properties in the City.
2013-S7464 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7464 I N S E N A T E May 15, 2014 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT to amend the real property tax law, in relation to the solar electric generating system tax abatement for certain properties in a city of one million or more persons THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 499-bbbb of the real property tax law, as amended by chapter 401 of the laws of 2012, is amended to read as follows: 1. The amount of such tax abatement shall be as follows: (a) if the solar electric generating system is placed in service on or after the effective date of this title and before January first, two thousand eleven, for each year of the compliance period such tax abate- ment shall be the lesser of (i) eight and three-fourths percent of eligible solar electric generating system expenditures, (ii) the amount of taxes payable in such tax year, or (iii) sixty-two thousand five hundred dollars; or (b) if the solar electric generating system is placed in service on or after January first, two thousand eleven, and before January first, two thousand thirteen, for each year of the compliance period such tax abatement shall be the lesser of (i) five percent of eligible solar electric generating system expenditures, (ii) the amount of taxes paya- ble in such tax year, or (iii) sixty-two thousand five hundred dollars; or (c) if the solar electric generating system is placed in service on or after January first, two thousand thirteen, and before January first, two thousand [fifteen] FOURTEEN, for each year of the compliance period such tax abatement shall be the lesser of (i) two and five-tenths percent of eligible solar electric generating system expenditures, (ii) the amount of taxes payable in such tax year, or (iii) sixty-two thou- sand five hundred dollars[.]; OR (D) IF THE SOLAR ELECTRIC GENERATING SYSTEM IS PLACED IN SERVICE ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, AND BEFORE JANUARY FIRST, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) Senate District
(D) Senate District
(D, WF) 47th Senate District
(D, IP) Senate District
2013-S7464A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9680
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §§499-bbbb & 499-cccc, RPT L
2013-S7464A (ACTIVE) - Sponsor Memo
BILL NUMBER:S7464A TITLE OF BILL: An act to amend the real property tax law, in relation to a solar electric generating system tax abatement PURPOSE: This bill would amend subdivision one of section 499-bbbb of the Real Property Tax Law (RPTL) by adding a new paragraph (c) and would amend subdivision one of section 499-cccc of the RPTL. SUMMARY OF PROVISIONS: If the solar electric generating system is placed in service on or after January 1, 2014 and before January 1, 2017, the amount of the tax abatement would be 5 percent of eligible solar electric generating system expenditures in each year of the four-year compliance period. However, the benefit in each tax year would be limited to the lesser of the amount of taxes payable or $62,500. "Eligible solar electric generating system expenditures" include reasonable expenditures for materials, labor costs properly allocable to on-site preparation, assembly and original installation, architectural and engineering services, and designs and plans directly related to the construction or installation of the solar electric generating system. JUSTIFICATION:
2013-S7464A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7464--A Cal. No. 1040 I N S E N A T E May 15, 2014 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities -- reported favora- bly from said committee, ordered to first report, amended on first report, ordered to a second report and ordered reprinted, retaining its place in the order of second report AN ACT to amend the real property tax law, in relation to a solar elec- tric generating system tax abatement THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (c) of subdivision 1 of section 499-bbbb of the real property tax law, as amended by chapter 401 of the laws of 2012, is amended and a new paragraph (d) is added to read as follows: (c) if the solar electric generating system is placed in service on or after January first, two thousand thirteen, and before January first, two thousand [fifteen] FOURTEEN, for each year of the compliance period such tax abatement shall be the lesser of (i) two and five-tenths percent of eligible solar electric generating system expenditures, (ii) the amount of taxes payable in such tax year, or (iii) sixty-two thou- sand five hundred dollars. (D) IF THE SOLAR ELECTRIC GENERATING SYSTEM IS PLACED IN SERVICE ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, AND BEFORE JANUARY FIRST, TWO THOUSAND SEVENTEEN, FOR EACH YEAR OF THE COMPLIANCE PERIOD SUCH TAX ABATEMENT SHALL BE THE LESSER OF (I) FIVE PERCENT OF ELIGIBLE SOLAR ELECTRIC GENERATING SYSTEM EXPENDITURES, (II) THE AMOUNT OF TAXES PAYA- BLE IN SUCH TAX YEAR, OR (III) SIXTY-TWO THOUSAND FIVE HUNDRED DOLLARS. S 2. Subdivision 1 of section 499-cccc of the real property tax law, as amended by chapter 401 of the laws of 2012, is amended to read as follows: 1. To obtain a tax abatement pursuant to this title, an applicant must file an application for tax abatement, which may be filed on or after January first, two thousand nine, and on or before March fifteenth, two thousand [fifteen] SEVENTEEN. S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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