| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 29, 2020 |
referred to cities |
Senate Bill S7598
2019-2020 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Cities Committee
Actions
2019-S7598 (ACTIVE) - Details
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
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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