Assembly Bill A10410

Signed By Governor
2017-2018 Legislative Session

Provides a tax abatement for electric energy storage equipment

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


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

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2017-A10410 (ACTIVE) - Details

See Senate Version of this Bill:
S8971
Law Section:
Real Property Tax Law
Laws Affected:
Amd Art 4 Title 4-C Head, §§499-aaaa - 499-ffff, RPT L

2017-A10410 (ACTIVE) - Summary

Provides a definition for electric energy storage equipment; further provides a tax abatement for electric energy storage equipment placed in service from January 1, 2019 to January 1, 2021.

2017-A10410 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10410
 
                           I N  A S S E M B L Y
 
                              April 19, 2018
                                ___________
 
 Introduced by M. of A. CARROLL, ENGLEBRIGHT -- read once and referred to
   the Committee on Real Property Taxation
 
 AN  ACT  to  amend the real property tax law, in relation to providing a
   tax abatement for electric energy storage equipment
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  The  title  heading of title 4-c of article 4 of the real
 property tax law, as added by chapter  473  of  the  laws  of  2008,  is
 amended to read as follows:
       SOLAR ELECTRIC GENERATING SYSTEM AND ELECTRIC ENERGY STORAGE
      EQUIPMENT TAX ABATEMENT FOR CERTAIN PROPERTIES IN A CITY OF ONE
                          MILLION OR MORE PERSONS
   § 2. Subdivisions 2 and 8 of section 499-aaaa of the real property tax
 law,  as added by chapter 473 of the laws of 2008, are amended and a new
 subdivision 11 is added to read as follows:
   2. "Application for tax abatement" shall mean  an  application  for  a
 solar  electric  generating  system OR ELECTRIC ENERGY STORAGE EQUIPMENT
 tax abatement pursuant to section four hundred ninety-nine-cccc of  this
 title.
   8.  "Eligible  solar  electric  generating  system  expenditures"  AND
 "ELIGIBLE ELECTRIC ENERGY STORAGE  EQUIPMENT  EXPENDITURES"  shall  mean
 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 a solar electric generating system OR
 ELECTRIC ENERGY STORAGE EQUIPMENT installed in connection with an eligi-
 ble building. Such eligible expenditures shall not include  interest  or
 other  finance  charges,  or  any expenditures incurred using a federal,
 state or local grant.
   11. "ELECTRIC ENERGY STORAGE EQUIPMENT" MEANS A  SET  OF  TECHNOLOGIES
 CAPABLE OF STORING ELECTRIC ENERGY AND RELEASING THAT ENERGY AS ELECTRIC
 POWER  AT  A  LATER TIME. ELECTRIC ENERGY STORAGE TECHNOLOGIES MAY STORE
 ENERGY AS POTENTIAL, KINETIC, CHEMICAL OR THERMAL  ENERGY  THAT  CAN  BE
 RELEASED AS ELECTRIC POWER, AND INCLUDE, BUT ARE NOT LIMITED TO, VARIOUS
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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