senate Bill S8971

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 Via A10410 - 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 (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 21, 2018 signed chap.412
Dec 11, 2018 delivered to governor
Jun 19, 2018 returned to assembly
passed senate
3rd reading cal.2018
substituted for s8971
Jun 19, 2018 substituted by a10410
ordered to third reading cal.2018
Jun 08, 2018 referred to rules

S8971 (ACTIVE) - Details

See Assembly Version of this Bill:
A10410
Law Section:
Real Property Tax Law
Laws Affected:
Amd Art 4 Title 4-C Head, §§499-aaaa, 499-bbbb, 499-cccc, 499-dddd, 499-eeee & 499-ffff, RPT L

S8971 (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.

S8971 (ACTIVE) - Sponsor Memo

S8971 (ACTIVE) - Bill Text download pdf


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

                                  8971

                            I N  S E N A T E

                              June 8, 2018
                               ___________

Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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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