Bill Text: NY A03165 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 3165

Introduced

Bill Title: Extends the expiration of the solar electric generating system tax abatement.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to real property taxation [A03165 Detail]

Download: New_York-2023-A03165-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3165

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 2, 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 extending  the
          expiration of the solar electric generating system tax abatement

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (d) of subdivision 1 of section 499-bbbb  of  the
     2  real property tax law, as amended by section 1 of item B of subpart H of
     3  part  XXX  of  chapter  58  of  the  laws of 2020, is amended to read as
     4  follows:
     5    (d) if the solar electric generating system is placed in service on or
     6  after January first, two thousand fourteen, and  before  January  first,
     7  two thousand [twenty-four] twenty-seven, for each year of the compliance
     8  period  such  tax  abatement  shall be the lesser of (i) five percent of
     9  eligible solar electric generating system expenditures, (ii) the  amount
    10  of  taxes  payable  in  such  tax year, or (iii) sixty-two thousand five
    11  hundred dollars; or
    12    § 2. Subdivision 1 of section 499-cccc of the real property  tax  law,
    13  as amended by section 2 of item B of subpart H of part XXX of chapter 58
    14  of the laws of 2020, is amended to read as follows:
    15    1. To obtain a tax abatement pursuant to this title, an applicant must
    16  file  an  application  for tax abatement, which may be filed on or after
    17  January first, two thousand nine, and on or before March fifteenth,  two
    18  thousand [twenty-four] twenty-seven.
    19    § 3. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06813-01-3