senate Bill S7446

Exempts property owners from tax increases due to the installation of a wind energy generating system

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 15 / May / 2014
    • REFERRED TO LOCAL GOVERNMENT

Summary

Exempts property owners from tax increases due to the installation of a wind energy generating system.

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Bill Details

Versions:
S7446
Legislative Cycle:
2013-2014
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง487, RPT L

Sponsor Memo

BILL NUMBER:S7446

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, 2016

PURPOSE: Exempts property owners from tax increases due to the instal-
lation 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, 2016

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 bene-
fits 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.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7446

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen.  GIPSON -- 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, 2016

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Subdivision 5 of section 487 of the real property tax law,
as amended by chapter 366 of the laws of 2010, is  amended  to  read  as
follows:
  5. The exemption granted pursuant to this section shall only be appli-
cable 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  fifteen  OR
(C)  WIND ENERGY SYSTEMS CONSTRUCTED ON RESIDENTIAL, COMMERCIAL OR AGRI-
CULTURAL PROPERTY ON OR AFTER JANUARY FIRST, TWO THOUSAND SIXTEEN.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15138-01-4

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