senate Bill S4069

Signed By Governor
2017-2018 Legislative Session

Relates to the exemption from taxation for certain energy systems

download bill text pdf

Sponsored By

Current Bill Status Via A260 - 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
Oct 23, 2017 signed chap.336
Oct 11, 2017 delivered to governor
Jun 21, 2017 returned to assembly
passed senate
3rd reading cal.459
substituted for s4069
Jun 21, 2017 substituted by a260
Mar 23, 2017 advanced to third reading
Mar 22, 2017 2nd report cal.
Mar 21, 2017 1st report cal.459
Feb 02, 2017 referred to local government

Co-Sponsors

S4069 - Details

See Assembly Version of this Bill:
A260
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง487, RPT L
Versions Introduced in Previous Legislative Sessions:
2015-2016: S4750C, A1872C
2013-2014: S7204, A9528

S4069 - Summary

Relates to the exemption from taxation for micro-hydroelectric energy systems, fuel cell electric generating systems, or micro-combined heat and power generating equipment systems.

S4069 - Sponsor Memo

S4069 - Bill Text download pdf

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

                                  4069

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 2, 2017
                               ___________

Introduced  by  Sens.  GRIFFO, AVELLA, VALESKY -- 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 exemption from
  taxation for certain energy systems

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The section heading and subdivisions 2, 3 and 4 of  section
487  of the real property tax law, as amended by chapter 515 of the laws
of 2002, subdivision 2 as amended by section 3 of part P of  chapter  57
of the laws of 2016, are amended to read as follows:
  Exemption  from  taxation for certain [solar or wind energy systems or
farm waste] energy systems.
  2. Real property which includes a solar or wind  energy  system  [or],
farm  waste  energy system, MICRO-HYDROELECTRIC ENERGY SYSTEM, FUEL CELL
ELECTRIC GENERATING SYSTEM, MICRO-COMBINED  HEAT  AND  POWER  GENERATING
EQUIPMENT  SYSTEM,  OR  ELECTRIC  ENERGY  STORAGE EQUIPMENT AND ELECTRIC
ENERGY STORAGE SYSTEM approved in accordance with the provisions of this
section shall be exempt from taxation to the extent of any  increase  in
the value thereof by reason of the inclusion of such solar or wind ener-
gy  system  [or],  farm  waste energy system, MICRO-HYDROELECTRIC ENERGY
SYSTEM, FUEL CELL ELECTRIC GENERATING SYSTEM,  MICRO-COMBINED  HEAT  AND
POWER  GENERATING EQUIPMENT SYSTEM, OR ELECTRIC ENERGY STORAGE EQUIPMENT
AND ELECTRIC ENERGY STORAGE SYSTEM for a period of fifteen years.   When
a  solar  or  wind  energy system or components thereof [or], farm waste
energy system, MICRO-HYDROELECTRIC ENERGY  SYSTEM,  FUEL  CELL  ELECTRIC
GENERATING  SYSTEM,  MICRO-COMBINED  HEAT AND POWER GENERATING EQUIPMENT
SYSTEM, OR ELECTRIC ENERGY STORAGE EQUIPMENT AND ELECTRIC ENERGY STORAGE
SYSTEM also serve as part of the building  structure,  the  increase  in
value which shall be exempt from taxation shall be equal to the assessed
value  attributable to such system or components multiplied by the ratio

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01687-01-7

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