S T A T E O F N E W Y O R K
________________________________________________________________________
5252
2025-2026 Regular Sessions
I N A S S E M B L Y
February 12, 2025
___________
Introduced by M. of A. TAGUE -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to electric
generating facility annual reports; and to repeal section 575-b of
such law relating to solar or wind energy systems
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 575-b of the real property tax law is REPEALED.
§ 2. Subdivision 1 of section 575-a of the real property tax law, as
amended by section 2 of part X of chapter 59 of the laws of 2021, is
amended to read as follows:
1. Every corporation, company, association, joint stock association,
partnership and person, their lessees, trustees or receivers appointed
by any court whatsoever, owning, operating or managing any electric
generating facility in the state shall annually file with the commis-
sioner, by April thirtieth, a report showing the inventory, revenue, and
expenses associated therewith for the most recent fiscal year[, and, in
the case of solar and wind energy systems, such other information as the
commissioner may reasonably require for the development and maintenance
of an appraisal model and discount rate as required pursuant to section
575-b of this chapter]. Such report shall be in the form and manner
prescribed by the commissioner.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08454-01-5
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