senate Bill S7598

2019-2020 Legislative Session

Extends until January 1, 2023, the deadline to apply for the solar electric generating system real property tax abatement

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Cities Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 29, 2020 referred to cities

S7598 (ACTIVE) - Details

See Assembly Version of this Bill:
A8925
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§499-bbbb & 499-cccc, RPT L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7110, A9745
2017-2018: S8049, A10150

S7598 (ACTIVE) - Summary

Extends until January 1, 2023, the deadline to apply for the solar electric generating system real property tax abatement.

S7598 (ACTIVE) - Sponsor Memo

S7598 (ACTIVE) - Bill Text download pdf


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

                                  7598

                            I N  S E N A T E

                            January 29, 2020
                               ___________

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

AN ACT to amend the real property tax law, in relation to extending  the
  expiration of the solar electric generating system tax abatement

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

  Section 1. Paragraph (d) of subdivision 1 of section 499-bbbb  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:
  (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] TWENTY-THREE, 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 payable in such tax year,  or  (iii)  sixty-two  thousand  five
hundred dollars; or
  §  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.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14529-01-9

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