NY State Senate Bill S8049

Archive: Last Bill Status Via A10150 - Signed by Governor

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

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Actions

view actions (11)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Nov 05, 2018	signed chap.327
Oct 24, 2018	delivered to governor
Jun 13, 2018	returned to assembly passed senate 3rd reading cal.979 substituted for s8049
Jun 13, 2018	substituted by a10150
May 07, 2018	advanced to third reading
May 02, 2018	2nd report cal.
May 01, 2018	1st report cal.979
Mar 22, 2018	referred to cities

Votes

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Jun 13, 2018 - floor Vote

A10150

floor

Aye

Nay

Absent

Excused

Abstained

May 1, 2018 - Cities 1 committee Vote

S8049

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Co-Sponsors

view additional co-sponsors

S8049 (ACTIVE) - Details

See Assembly Version of this Bill:: A10150
Law Section:: Real Property Tax Law
Laws Affected:: Amd §§499-bbbb & 499-cccc, RPT L
Versions Introduced in Other Legislative Sessions:: 2015-2016: S7110, A9745
2019-2020: S7598, A8925

S8049 (ACTIVE) - Summary

Extends until January 1, 2021, the deadline to apply for the solar electric generating system real property tax abatement.

S8049 (ACTIVE) - Sponsor Memo

 
BILL NUMBER: S8049

SPONSOR: LANZA
 
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-cc6c of the RPTL.

 
SUMMARY OF PROVISIONS:

If the solar electric generating system is placed in service on or after
January 1, 2019 and before January 1, 2021, the amount of the tax abate-
ment 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:

This legislation would extend and strengthen an existing incentive
program to encourage the installation of solar electric generating
systems, in connection with class one, class two and class four proper-
ties 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 more per kilowatt of
installed capacity than in other parts of the State of New York, prima-
rily 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 25% more than
the state average. Continuation of the property tax abatement is neces-
sary to offset a portion of the extra costs associated with NYC solar
energy installation, thus further stimulating clean energy investment
and job creation throughout New York City.

 
LEGISLATIVE HISTORY:

Chapter 396 of the Laws of 2014.
Chapter 393 of the Laws of 2016.

 
FISCAL IMPLICATIONS:

Undetermined.
 
EFFECTIVE DATE:
This act shall take effect immediately.

S8049 (ACTIVE) - Bill Text download pdf


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

                                  8049

                            I N  S E N A T E

                             March 22, 2018
                               ___________

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 amended by chapter 393 of the laws of 2016, 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 [nineteen] TWENTY-ONE, 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  payable  in  such  tax year, or (iii) sixty-two thousand five
hundred dollars.
  § 2. Subdivision 1 of section 499-cccc of the real property  tax  law,
as  amended  by  chapter  393 of the laws of 2016, 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 [nineteen] TWENTY-ONE.
  § 3. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15152-02-8

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The New York State Senate

senate Bill S8049

Sponsored By

Archive: Last Bill Status Via A10150 - Signed by Governor

Your Voice

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Votes

Jun 13, 2018 - floor Vote

Floor Vote: Jun 13, 2018

May 1, 2018 - Cities 1 committee Vote

Cities 1 Committee Vote: May 1, 2018

Co-Sponsors

S8049 (ACTIVE) - Details

S8049 (ACTIVE) - Summary

S8049 (ACTIVE) - Sponsor Memo

S8049 (ACTIVE) - Bill Text download pdf

Comments

senate Bill S8049

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Sponsored By

Archive: Last Bill Status Via A10150 - Signed by Governor

Your Voice

Actions

Votes

Jun 13, 2018 - floor Vote

Floor Vote: Jun 13, 2018

May 1, 2018 - Cities 1 committee Vote

Cities 1 Committee Vote: May 1, 2018

Co-Sponsors

S8049 (ACTIVE) - Details

S8049 (ACTIVE) - Summary

S8049 (ACTIVE) - Sponsor Memo

S8049 (ACTIVE) - Bill Text download pdf

Comments