senate Bill S3229A

2021-2022 Legislative Session

Provides for a tax abatement for electric energy storage equipment

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 25, 2022 referred to real property taxation
delivered to assembly
passed senate
ordered to third reading cal.756
Feb 07, 2022 reported and committed to finance
Jan 05, 2022 referred to cities 1
returned to senate
died in assembly
Mar 23, 2021 referred to real property taxation
delivered to assembly
passed senate
Mar 11, 2021 advanced to third reading
Mar 10, 2021 2nd report cal.
Mar 09, 2021 1st report cal.548
Mar 04, 2021 print number 3229a
Mar 04, 2021 amend and recommit to cities 1
Jan 28, 2021 referred to cities 1

Votes

view votes

Apr 25, 2022 - Rules committee Vote

S3229A
21
0
committee
21
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Feb 7, 2022 - Cities 1 committee Vote

S3229A
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Cities 1 committee vote details

Cities 1 Committee Vote: Feb 7, 2022

Mar 9, 2021 - Cities 1 committee Vote

S3229A
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Cities 1 committee vote details

Cities 1 Committee Vote: Mar 9, 2021

Co-Sponsors

S3229 - Details

See Assembly Version of this Bill:
A7343
Law Section:
Real Property Tax Law
Laws Affected:
Amd §499-bbbb, RPT L
Versions Introduced in 2019-2020 Legislative Session:
S7595

S3229 - Summary

Provides for a tax abatement for electric energy storage equipment placed in service after January 1, 2024 and before January 1, 2026.

S3229 - Sponsor Memo

S3229 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3229
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 28, 2021
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities 1
 
 AN ACT to amend the real property tax law, in relation  to  providing  a
   tax abatement for electric energy storage equipment
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (e) of subdivision 1 of section 499-bbbb  of  the
 real property tax law, as amended by section 1 of item B of subpart H of
 part  XXX  of chapter 58 of the laws of 2020, is amended and a new para-
 graph (f) is added to read as follows:
   (e) if electric energy storage equipment is placed in  service  on  or
 after  January  first,  two thousand nineteen, and before January first,
 two thousand twenty-four, for each year of the  compliance  period  such
 tax  abatement  shall be the lesser of (i) ten percent of eligible elec-
 tric energy storage equipment expenditures, (ii)  the  amount  of  taxes
 payable  in  such  tax  year,  or  (iii) sixty-two thousand five hundred
 dollars[.]; OR
   (F) IF ELECTRIC ENERGY STORAGE EQUIPMENT IS PLACED IN  SERVICE  ON  OR
 AFTER  JANUARY  FIRST,  TWO  THOUSAND  TWENTY-THREE,  AND BEFORE JANUARY
 FIRST, TWO THOUSAND TWENTY-FIVE, FOR EACH YEAR OF THE COMPLIANCE  PERIOD
 SUCH  TAX  ABATEMENT  SHALL BE THE LESSER OF (I) TEN PERCENT OF ELIGIBLE
 ELECTRIC ENERGY STORAGE EQUIPMENT EXPENDITURES, (II) THE AMOUNT OF TAXES
 PAYABLE IN SUCH TAX YEAR,  OR  (III)  SIXTY-TWO  THOUSAND  FIVE  HUNDRED
 DOLLARS.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05591-01-1


Co-Sponsors

S3229A (ACTIVE) - Details

See Assembly Version of this Bill:
A7343
Law Section:
Real Property Tax Law
Laws Affected:
Amd §499-bbbb, RPT L
Versions Introduced in 2019-2020 Legislative Session:
S7595

S3229A (ACTIVE) - Summary

Provides for a tax abatement for electric energy storage equipment placed in service after January 1, 2024 and before January 1, 2026.

S3229A (ACTIVE) - Sponsor Memo

S3229A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3229--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 28, 2021
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Cities  1  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  to  amend the real property tax law, in relation to providing a
   tax abatement for electric energy storage equipment
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph (e) of subdivision 1 of section 499-bbbb of the
 real property tax law, as amended by section 1 of item B of subpart H of
 part XXX of chapter 58 of the laws of 2020, is amended and a  new  para-
 graph (f) is added to read as follows:
   (e)  if  electric  energy storage equipment is placed in service on or
 after January first, two thousand nineteen, and  before  January  first,
 two  thousand  twenty-four,  for each year of the compliance period such
 tax abatement shall be the lesser of (i) ten percent of  eligible  elec-
 tric  energy  storage  equipment  expenditures, (ii) the amount of taxes
 payable in such tax year,  or  (iii)  sixty-two  thousand  five  hundred
 dollars[.]; OR
   (F)  IF  ELECTRIC  ENERGY STORAGE EQUIPMENT IS PLACED IN SERVICE ON OR
 AFTER JANUARY FIRST, TWO THOUSAND TWENTY-FOUR, AND BEFORE JANUARY FIRST,
 TWO THOUSAND TWENTY-SIX, FOR EACH YEAR OF THE COMPLIANCE PERIOD SUCH TAX
 ABATEMENT SHALL BE THE LESSER OF (I) TEN PERCENT  OF  ELIGIBLE  ELECTRIC
 ENERGY  STORAGE EQUIPMENT EXPENDITURES, (II) THE AMOUNT OF TAXES PAYABLE
 IN SUCH TAX YEAR, OR (III) SIXTY-TWO THOUSAND FIVE HUNDRED DOLLARS.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05591-02-1


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