Do you support this bill?

Assembly Bill A639A

2023-2024 Legislative Session

Provides for a tax abatement for electric energy storage equipment

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

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

Bill Amendments

2023-A639 - Details

See Senate Version of this Bill:
S7342
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §499-bbbb, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: S7595
2021-2022: A7343, S3229
2025-2026: A6198, S2470

2023-A639 - Summary

Provides for a tax abatement for electric energy storage equipment placed in service after January 1, 2026 and before January 1, 2028.

2023-A639 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    639
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2023
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 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-SIX, AND BEFORE JANUARY FIRST,
 TWO THOUSAND TWENTY-EIGHT, 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.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00553-01-3

2023-A639A (ACTIVE) - Details

See Senate Version of this Bill:
S7342
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §499-bbbb, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: S7595
2021-2022: A7343, S3229
2025-2026: A6198, S2470

2023-A639A (ACTIVE) - Summary

Provides for a tax abatement for electric energy storage equipment placed in service after January 1, 2026 and before January 1, 2028.

2023-A639A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  639--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2023
                                ___________
 
 Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
   tee on Real Property Taxation -- recommitted to the Committee on  Real
   Property  Taxation  in  accordance  with  Assembly  Rule  3, sec. 2 --
   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 (f) of subdivision 1 of section 499-bbbb of the
 real property tax law, as added by chapter 485 of the laws of  2023,  is
 amended and a new paragraph (g) is added to read as follows:
   (f)  if  the  solar  electric generating system and/or electric energy
 storage system is placed in service on or after January first, two thou-
 sand twenty-four, and before January first,  two  thousand  thirty-five,
 for  each  year of the compliance period such tax abatement shall be the
 lesser of (i) seven and one-half  percent  of  eligible  solar  electric
 generating  system  and/or  energy storage system expenditures, (ii) the
 amount of taxes payable in such tax year, or  (iii)  sixty-two  thousand
 five hundred dollars[.]; OR
   (G)  IF  ELECTRIC  ENERGY STORAGE EQUIPMENT IS PLACED IN SERVICE ON OR
 AFTER JANUARY FIRST, TWO THOUSAND TWENTY-SIX, AND BEFORE JANUARY  FIRST,
 TWO  THOUSAND  TWENTY-EIGHT, 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.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00553-03-4

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.

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