senate Bill S7464

Signed by Governor Amended

Relates to extending the compliance period during which to obtain a tax abatement for solar electric generating systems

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Bill Status


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

  • 15 / May / 2014
    • REFERRED TO CITIES
  • 29 / May / 2014
    • 1ST REPORT CAL.1040
  • 02 / Jun / 2014
    • AMENDED (T) 7464A
  • 02 / Jun / 2014
    • 2ND REPORT CAL.
  • 03 / Jun / 2014
    • ADVANCED TO THIRD READING
  • 10 / Jun / 2014
    • PASSED SENATE
  • 10 / Jun / 2014
    • DELIVERED TO ASSEMBLY
  • 10 / Jun / 2014
    • REFERRED TO REAL PROPERTY TAXATION
  • 19 / Jun / 2014
    • SUBSTITUTED FOR A9680
  • 19 / Jun / 2014
    • ORDERED TO THIRD READING RULES CAL.485
  • 19 / Jun / 2014
    • PASSED ASSEMBLY
  • 19 / Jun / 2014
    • RETURNED TO SENATE
  • 11 / Sep / 2014
    • DELIVERED TO GOVERNOR
  • 23 / Sep / 2014
    • SIGNED CHAP.396

Summary

Relates to extending the compliance period during which to obtain a tax abatement for solar electric generating systems.

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Bill Details

Versions:
S7464
S7464A
Legislative Cycle:
2013-2014
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยงยง499-bbbb & 499-cccc, RPT L
Versions Introduced in 2013-2014 Legislative Cycle:
A9680

Votes

6
0
6
Aye
0
Nay
0
aye with reservations
0
absent
0
excused
0
abstained
show Cities committee vote details

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.

This program is aligned with the longstanding commitment of New York
State and the City of New York to reduce greenhouse gas emission
reduction and providing cleaner, more reliable power for every New York-
er. These goals will be achieved through efforts to improve energy effi-
ciency and clean our energy supply. In the near term, the City will
still rely on conventional energy sources, such as natural gas.

Solar power in New York City has historically cost 15 - 20% more per
kilowatt of installed capacity than in other parts of the State of New
York, primarily because of more stringent requirements of the NYC
Department of Buildings and increased complexity in the building sites.
Data from the New York State Energy Research and Development Authority
indicates that solar energy projects in New York City cost approximately
18% more in 2013 than in the rest of the state. Continuation of the
property tax abatement is necessary to offset a portion of the extra
costs associated with NYC solar energy installation, thus further stimu-
lating clean energy investment and job creation throughout New York
City.

PRIOR LEGISLATIVE HISTORY: New bill

FISCAL IMPLICATIONS: None to the State

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
________________________________________________________________________

                                  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.
                                                           LBD15083-01-4

S. 7464                             2

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.

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