Bill Text: NY S04750 | 2015-2016 | General Assembly | Amended

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Bill Title: Relates to the exemption from taxation for micro-hydroelectric energy systems, fuel cell electric generating systems, or micro-combined heat and power generating equipment systems.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 0000-00-00 - [S04750 Detail]

Download: New_York-2015-S04750-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         4750--C
                               2015-2016 Regular Sessions
                    IN SENATE
                                     April 15, 2015
                                       ___________
        Introduced  by  Sens.  GRIFFO, AVELLA, VALESKY -- read twice and ordered
          printed, and when printed to be committed to the  Committee  on  Local
          Government -- committee discharged, bill amended, ordered reprinted as
          amended  and  recommitted  to  said  committee  --  recommitted to the
          Committee on Local Government in accordance with Senate Rule 6, sec. 8
          -- committee discharged, bill amended, ordered  reprinted  as  amended
          and  recommitted  to  said  committee  --  committee  discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
        AN ACT to amend the real property tax law, in relation to exemption from
          taxation for certain energy systems
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The section heading and subdivisions 2, 3 and 4 of  section
     2  487  of the real property tax law, as amended by chapter 515 of the laws
     3  of 2002, are amended to read as follows:
     4    Exemption from taxation for certain [solar or wind energy  systems  or
     5  farm waste] energy systems.
     6    2.  Real  property  which includes a solar or wind energy system [or],
     7  farm waste energy system, micro-hydroelectric energy system,  fuel  cell
     8  electric  generating  system,  micro-combined  heat and power generating
     9  equipment system, or electric  energy  storage  equipment  and  electric
    10  energy storage system approved in accordance with the provisions of this
    11  section  shall  be exempt from taxation to the extent of any increase in
    12  the value thereof by reason of the inclusion of such solar or wind ener-
    13  gy system [or], farm waste  energy  system,  micro-hydroelectric  energy
    14  system,  fuel  cell  electric generating system, micro-combined heat and
    15  power generating equipment system, or electric energy storage  equipment
    16  and  electric energy storage system for a period of fifteen years.  When
    17  a solar or wind energy system or components  thereof  [or],  farm  waste
    18  energy  system,  micro-hydroelectric  energy  system, fuel cell electric
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04869-11-6