S T A T E O F N E W Y O R K
________________________________________________________________________
9149
2025-2026 Regular Sessions
I N A S S E M B L Y
October 17, 2025
___________
Introduced by M. of A. WALSH -- read once and referred to the Committee
on Local Governments
AN ACT to amend the general municipal law, in relation to exempting
payments in lieu of taxes received or receivable with regards to
renewable energy projects from local governments' tax cap calculations
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 3 of section 3-c of the general municipal law
is amended by adding a new paragraph (c-1) to read as follows:
(C-1) NOTWITHSTANDING SUBPARAGRAPHS (III) AND (VI) OF PARAGRAPH (C) OF
THIS SUBDIVISION, IN CALCULATING THE TAX LEVY LIMIT APPLICABLE TO THE
COMING FISCAL YEAR UNDER PARAGRAPH (C) OF THIS SUBDIVISION, LOCAL
GOVERNMENTS SHALL EXCLUDE ANY PAYMENTS IN LIEU OF TAXES RECEIVED OR
RECEIVABLE WITH REGARDS TO A RENEWABLE ENERGY PROJECT. FOR THE PURPOSES
OF THIS PARAGRAPH, THE TERM "RENEWABLE ENERGY PROJECT" SHALL MEAN A
PROJECT FOR GENERATING, DISTRIBUTING, OR CONSUMING RENEWABLE ENERGY, AS
DEFINED BY SECTION SIXTY-SIX-P OF THE PUBLIC SERVICE LAW.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13796-02-5