| Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Sep 30, 2016 | signed chap.393 |
| Sep 20, 2016 | delivered to governor |
| Jun 08, 2016 | returned to senate passed assembly ordered to third reading rules cal.82 substituted for a9745 |
| Jun 01, 2016 | referred to ways and means delivered to assembly passed senate |
| May 09, 2016 | advanced to third reading |
| May 05, 2016 | 2nd report cal. |
| May 04, 2016 | 1st report cal.702 |
| Mar 29, 2016 | referred to cities |
senate Bill S7110
Signed By Governor2015-2016 Legislative Session
Sponsored By
Andrew J. Lanza
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
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S7110 (ACTIVE) - Details
S7110 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7110 REVISED MEMO 06/02/2016 TITLE OF BILL : An act to amend the real property tax law, in relation to extending the expiration of the 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, 2017 and before January 1, 2019, 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.
S7110 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7110
I N S E N A T E
March 29, 2016
___________
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 extending the
expiration of the solar electric 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 (d) of subdivision 1 of section 499-bbbb of the
real property tax law, as added by chapter 396 of the laws of 2014, is
amended to read as follows:
(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] NINETEEN, for each year of the compliance peri-
od such tax abatement shall be the lesser of (i) five percent of eligi-
ble solar electric generating system expenditures, (ii) the amount of
taxes payable 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 396 of the laws of 2014, 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 [seventeen] NINETEEN.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14854-01-6
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