S T A T E O F N E W Y O R K
________________________________________________________________________
8923
2019-2020 Regular Sessions
I N A S S E M B L Y
December 30, 2019
___________
Introduced by M. of A. CARROLL -- read once and referred to the Commit-
tee 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. Paragraphs (d) and (e) of subdivision 1 of section 499-bbbb
of the real property tax law, paragraph (d) as separately amended by
chapters 327 and 412 of the laws of 2018, paragraph (e) as added by
chapter 412 of the laws of 2018, are amended and a new paragraph (f) is
added 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 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 paya-
ble in such tax year, or (iii) sixty-two thousand five hundred dollars;
[or]
(e) if electric energy storage equipment is placed in service on or
after January first, two thousand nineteen, and before January first,
two thousand twenty-one, for each year of the compliance period such tax
abatement shall be the lesser of (i) ten percent of eligible electric
energy storage equipment expenditures, (ii) the amount of taxes payable
in such tax year, or (iii) sixty-two thousand five hundred dollars[.];
OR
(F) IF ELECTRIC ENERGY STORAGE EQUIPMENT IS PLACED IN SERVICE ON OR
AFTER JANUARY FIRST, TWO THOUSAND TWENTY-ONE, AND BEFORE JANUARY FIRST,
TWO THOUSAND TWENTY-THREE, FOR EACH YEAR OF THE COMPLIANCE PERIOD SUCH
TAX ABATEMENT SHALL BE THE LESSER OF (I) TEN PERCENT OF ELIGIBLE ELEC-
TRIC ENERGY STORAGE EQUIPMENT EXPENDITURES, (II) THE AMOUNT OF TAXES
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14528-01-9
A. 8923 2
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 separately amended by chapters 327 and 412 of the laws of 2018, 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 [twenty-one] TWENTY-THREE.
§ 3. This act shall take effect immediately.