senate Bill S5496

2021-2022 Legislative Session

Relates to exempting homeowners from tax increases for certain renewable energy systems

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government Committee


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

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 09, 2021 referred to local government

S5496 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §487, RPT L
Versions Introduced in 2019-2020 Legislative Session:
S2658

S5496 (ACTIVE) - Summary

Relates to exempting homeowners from tax increases for certain renewable energy systems.

S5496 (ACTIVE) - Sponsor Memo

S5496 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5496
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               March 9, 2021
                                ___________
 
 Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the real property tax  law,  in  relation  to  exempting
   homeowners from tax increases for certain renewable energy systems
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 5 of section 487 of the real property tax  law,
 as  amended  by  chapter  325 of the laws of 2018, is amended to read as
 follows:
   5. The exemption granted pursuant to this section shall only be appli-
 cable to (a) solar or wind energy systems or farm waste  energy  systems
 which  are  (i)  existing  or  constructed prior to July first, nineteen
 hundred eighty-eight or (ii) constructed subsequent  to  January  first,
 nineteen  hundred  ninety-one  and  prior to January first, two thousand
 twenty-five, and (b) micro-hydroelectric energy systems, fuel cell elec-
 tric generating systems, micro-combined heat and power generating equip-
 ment systems, electric energy storage equipment or electric energy stor-
 age system, or fuel-flexible linear generator electric generating system
 which are constructed subsequent to January first, two thousand eighteen
 and prior to January  first,  two  thousand  twenty-five,  AND  (C)  ALL
 SYSTEMS  DESCRIBED  IN  PARAGRAPHS (A) AND (B) OF THIS SUBDIVISION WHOSE
 STANDALONE OR COMBINED GENERATION CAPACITY DOES NOT EXCEED TWENTY  KILO-
 WATTS  AND WHOSE STANDALONE OR COMBINED ELECTRIC ENERGY STORAGE CAPACITY
 DOES NOT EXCEED THIRTY KILOWATT-HOURS.
   § 2. Subdivision 8 of section 487 of the real  property  tax  law,  as
 amended  by  chapter 325 of the laws of 2018, is amended by adding a new
 paragraph (c) to read as follows:
   (C) THIS SUBDIVISION SHALL NOT APPLY TO EXEMPTIONS GRANTED PURSUANT TO
 PARAGRAPH (C) OF SUBDIVISION FIVE OF THIS SECTION.
   § 3. Subdivision 9 of section 487 of the  real  property  tax  law  is
 amended by adding a new paragraph (c) to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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