senate Bill S2389

2019-2020 Legislative Session

Grants eligibility for the tax abatement for industrial and commercial construction work in cities having a population of one million or more, to certain electric generating facilities

download bill text pdf

Sponsored By

Current Bill Status - Stricken


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 25, 2020 recommit, enacting clause stricken
Jan 08, 2020 referred to cities
Jan 24, 2019 referred to cities

Co-Sponsors

S2389 (ACTIVE) - Details

See Assembly Version of this Bill:
A4872
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489-aaaaaa, RPT L; amd §11-268, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S7615, A9827

S2389 (ACTIVE) - Summary

Grants eligibility for the tax abatement for industrial and commercial construction work in cities having a population of one million or more, to certain electric generating facilities the operation of which commenced in 2012.

S2389 (ACTIVE) - Sponsor Memo

S2389 (ACTIVE) - Bill Text download pdf


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

                                  2389

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            January 24, 2019
                               ___________

Introduced  by  Sen.  LANZA  -- 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 and the administrative code of
  the city of New York, in relation to applications by certain  electric
  generating facilities for tax abatements for industrial and commercial
  construction  work  on  properties  in  a  city of one million or more
  persons

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

  Section 1. Legislative findings. The legislature hereby finds that the
2011  amendment  to  the industrial and commercial abatement program was
successful in preventing a large increase in capacity  rates  for  elec-
tricity that would have cost ratepayers in the city of New York hundreds
of  millions  of  dollars  had the law not been changed. However, in the
haste to adopt that law, a new peaking  power  plant  fell  through  the
cracks  and  has been paying property taxes since it began operations in
2012, even though the 2011 statute clearly intended that industrial  and
commercial  abatement  program  benefits  be  provided  to peaking power
plants as a right. This act would correct that defect in the statute and
enable the facility  to  receive  industrial  and  commercial  abatement
program benefits prospectively.
  §  2.  Subdivision  17  of section 489-aaaaaa of the real property tax
law, as amended by chapter 28 of the laws of 2011, is amended to read as
follows:
  17. "Utility property" means property and equipment  as  described  in
paragraphs  (c),  (d), (e), (f) and (i) of subdivision twelve of section
one hundred two of this chapter that is used in the ordinary  course  of
business  by  its  owner or any other entity or property as described in
paragraphs (a) and (b) of subdivision twelve of section one hundred  two
of  this  chapter  that is owned by any entity that uses in the ordinary
course of business property and equipment  as  described  in  paragraphs

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.