S T A T E O F N E W Y O R K
________________________________________________________________________
3590
2019-2020 Regular Sessions
I N S E N A T E
February 11, 2019
___________
Introduced by Sen. PARKER -- 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 exempting
property owners from tax increases when installing a wind energy
system on or after January 1, 2021
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 5 of section 487 of the real property tax law,
as amended by chapter 325 of the laws of 2018, is amended to read as
follows:
5. The exemption granted pursuant to this section shall only be appli-
cable to (a) solar or wind energy systems or farm waste energy systems
which are (i) existing or constructed prior to July first, nineteen
hundred eighty-eight or (ii) constructed subsequent to January first,
nineteen hundred ninety-one and prior to January first, two thousand
twenty-five, [and] (b) micro-hydroelectric energy systems, fuel cell
electric generating systems, micro-combined heat and power generating
equipment systems, electric energy storage equipment or electric energy
storage system, or fuel-flexible linear generator electric generating
system which are constructed subsequent to January first, two thousand
eighteen and prior to January first, two thousand twenty-five, AND (C)
WIND ENERGY SYSTEMS CONSTRUCTED ON RESIDENTIAL, COMMERCIAL OR AGRICUL-
TURAL PROPERTY ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-ONE.
§ 2. This act shall take effect immediately; provided, however that if
chapter 325 of the laws of 2018 shall not have taken effect on or
before such date then section one of this act shall take effect on the
same date and in the same manner as such chapter of the laws of 2018,
takes effect.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09570-01-9