STATE OF NEW YORK
________________________________________________________________________
4750--C
2015-2016 Regular Sessions
IN SENATE
April 15, 2015
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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