Bill Text: NY S08049 | 2017-2018 | General Assembly | Introduced
Bill Title: Extends until January 1, 2021, the deadline to apply for the solar electric generating system real property tax abatement.
Spectrum: Moderate Partisan Bill (Democrat 8-2)
Status: (Introduced - Dead) 2018-06-13 - SUBSTITUTED BY A10150 [S08049 Detail]
Download: New_York-2017-S08049-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8049 IN SENATE March 22, 2018 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 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 chapter 393 of the laws of 2016, is 3 amended to read as follows: 4 (d) if the solar electric generating system is placed in service on or 5 after January first, two thousand fourteen, and before January first, 6 two thousand [nineteen] twenty-one, for each year of the compliance 7 period such tax abatement shall be the lesser of (i) five percent of 8 eligible solar electric generating system expenditures, (ii) the amount 9 of taxes payable in such tax year, or (iii) sixty-two thousand five 10 hundred dollars. 11 § 2. Subdivision 1 of section 499-cccc of the real property tax law, 12 as amended by chapter 393 of the laws of 2016, is amended to read as 13 follows: 14 1. To obtain a tax abatement pursuant to this title, an applicant must 15 file an application for tax abatement, which may be filed on or after 16 January first, two thousand nine, and on or before March fifteenth, two 17 thousand [nineteen] twenty-one. 18 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15152-02-8