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