Senator Flanagan Sponsors Alternative Energy Incentives
With the recent announcement of the increasing Long Island population and the corresponding need to utilize alternate sources of energy, Senator John J. Flanagan (2nd Senate District) announced that he has sponsored legislation that would deliver relief from energy costs to homeowners. The proposal was part of a comprehensive energy package, which was passed in the Senate, which would provide relief from energy costs to small businesses and homeowners across Long Island.
Senator Flanagan’s legislation calls for an alternative energy property tax exemption which would assist Long Island land owners in converting to alternative energy sources. The legislation would continue a program that will give localities and school districts the option of offering a full or partial real property tax exemption to land owners who utilize alternative energy systems such as wind and solar power.
"With the recent announcement by the Long Island Power Authority that over 2.8 million now call Long Island home, the time is now for the region to utilize alternative sources of energy. By using tax incentives to further encourage interested homeowners to utilize these available sources, we can provide enough of an incentive for our region to begin the conversion. This legislation provides local taxing entities with another option for providing sensible property tax relief to their residents and I am hopeful that the Assembly will join us in passing this environmentally friendly law," stated Senator Flanagan.
Due to lack of Assembly passage of an extender, this exemption option expired at the beginning of 2006. Senator Flanagan’s legislation would be retroactive to the beginning of the year and would provide this tax exemption until at least 2011.
Senator Flanagan also voted to support a variety of other energy cost assistance which were approved and sent to the Assembly for further action:
"This is a package for all Long Island residents. We have a growing economy, a growing population and we need to have a continually evolving answer to our energy needs. The reliance on fossil fuels needs to be controlled and these tax incentives would encourage interested residents to make the shift to alternative fuels," concluded Senator Flanagan.
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