NY State Senate Bill 2019-S7598

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

Archive: Last Bill Status - In Senate Committee Cities Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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

2019-S7598 (ACTIVE) - Details

See Assembly Version of this Bill:: A8925
Current Committee:: Senate Cities
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

2019-S7598 (ACTIVE) - Summary

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

2019-S7598 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S7598

SPONSOR: PARKER
 
TITLE OF BILL:

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

 
PURPOSE:

This bill would amend subdivision one of section 499-bbbb of the Real
Property Tax Law (RPTL) by adding a new paragraph (c) and would amend
subdivision one of section 499-cc6c of the RPTL.

 
SUMMARY OF PROVISIONS:

If the solar electric generating system is placed in service on or after
January 1, 2021 and before January 1, 2023, the amount of the tax abate-
ment would be 5 percent of eligible solar electric generating system
expenditures in each year of the four-year compliance period. However,
the benefit in each tax year would be limited to the lesser of the

amount of taxes payable or $62,500.  "Eligible solar electric generating
system expenditures" include 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 the solar electric generating system.

 
JUSTIFICATION:

This legislation would extend and strengthen an existing incentive
program to encourage the installation of solar electric generating
systems, in connection with class one, class two and class four proper-
ties in the City. This program is aligned with the longstanding commit-
ment of New York State and the City of New York to reduce greenhouse gas
emission reduction and providing cleaner, more reliable power for every
New Yorker. These goals will be achieved through efforts to improve
energy efficiency and clean our energy supply. In the near term, the
City will still rely on conventional energy sources, such as natural
gas. Solar power in New York City has historically cost more per kilo-
watt of installed capacity than in other parts of the State of New York,
primarily because of more stringent requirements of the NYC Department
of Buildings and increased complexity in the building sites. Data from
the New York State Energy Research and Development Authority indicates
that solar energy projects in New York City cost approximately 25% more
than the state average. Continuation of the property tax abatement is
necessary to offset a portion of the extra costs associated with NYC
solar energy installation, thus further stimulating clean energy invest-
ment and job creation throughout New York City.

 
LEGISLATIVE HISTORY:

Chapter 396 of the Laws of 2014.

Chapter 393 of the Laws of 2016.

Chapter 327 of the Laws of 2018.

 
FISCAL IMPLICATIONS:
Undetermined.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2019-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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