Bill Text: NY A02864 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides an exemption from taxation of energy star-compliant improvements to certain residential premises.

Spectrum: Moderate Partisan Bill (Republican 8-1)

Status: (Introduced - Dead) 2012-02-14 - held for consideration in real property taxation [A02864 Detail]

Download: New_York-2011-A02864-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2864
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 20, 2011
                                      ___________
       Introduced by M. of A. CALHOUN, KOLB, McDONOUGH, CASTELLI -- Multi-Spon-
         sored  by -- M. of A.  BURLING, OAKS, SAYWARD, TEDISCO, THIELE -- read
         once and referred to the Committee on Real Property Taxation
       AN ACT to amend the real property tax law, in relation to  providing  an
         exemption  from  taxation  of  energy  star-compliant  improvements to
         certain residential premises
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section 487-a of the real property tax law, as amended by
    2  chapter 848 of the laws of 1981, is amended to read as follows:
    3    S 487-a. Exemption  from  taxation  of  conservation  improvements  to
    4  certain  residential  premises. Insulation and other energy conservation
    5  measures hereafter added to one, two, three or four family homes,  which
    6  qualify  for  (a)  financing  under a home conservation plan pursuant to
    7  article VII-A of the public  service  law,  [or]  (b)  any  conservation
    8  related state or federal tax credit or deduction heretofore or hereafter
    9  enacted,  OR (C) QUALIFY AS ENERGY STAR-COMPLIANT PURSUANT TO THE UNITED
   10  STATES ENVIRONMENTAL PROTECTION AGENCY'S ENERGY STAR PROGRAM,  shall  be
   11  exempt  from real property taxation and special ad valorem levies to the
   12  extent of any increase in value of such homes by reason  of  such  addi-
   13  tion.
   14    S  2. This act shall take effect on the first of January next succeed-
   15  ing the date on which it shall have become a  law  and  shall  apply  to
   16  assessment rolls prepared on the basis of taxable status dates occurring
   17  on or after such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02838-01-1