New York Senate Bill 7442

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 25 2023 - 25% progression
Action: 2024-01-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Pending: Senate Investigations and Government Operations Committee
Text: Latest bill text (Introduced) [HTML]

Enacts the "omnibus renewable energy progress act"; requires state operations to use one hundred percent renewable electricity by two thousand thirty (Part A); exempts payment in lieu of taxes revenue from property tax cap calculations (Part B); requires the office of renewable energy siting to develop a procedure to process any financial security or letter of credit required by the office (Part C); relates to the recycling of solar photovoltaic panels (Part D); directs the New York power authority to propose a minimum of four priority transmission projects to address the areas of highest need on the bulk transmission system (Part E); relates to the endangered and threatened species mitigation bank fund (Part F); exempts renewable energy systems from certain requirements related to energy facilities (Part G); ensures the safe and efficient delivery of materials for the timely construction of major renewable energy facilities in furtherance of the goals mandated by the New York state climate leadership and community (Part H); defines land used in agricultural production for the purposes of an agricultural property tax exemption (Part I); updates climate law goals for energy storage and renewable generation (Part J); establishes a sales tax exemption for energy storage (Part K); relates to residential solar tax credits (Part L); enacts the "solar for all homes and businesses act" (Part M).

Enacts the "omnibus renewable energy progress act"; requires state operations to use one hundred percent renewable electricity by two thousand thirty (Part A); exempts payment in lieu of taxes revenue from property tax cap calculations (Part B); requires the office of renewable energy siting to develop a procedure to process any financial security or letter of credit required by the office (Part C); relates to the recycling of solar photovoltaic panels (Part D); directs the New York power authority to propose a minimum of four priority transmission projects to address the areas of highest need on the bulk transmission system (Part E); relates to the endangered and threatened species mitigation bank fund (Part F); exempts renewable energy systems from certain requirements related to energy facilities (Part G); ensures the safe and efficient delivery of materials for the timely construction of major renewable energy facilities in furtherance of the goals mandated by the New York state climate leadership and community (Part H); defines land used in agricultural production for the purposes of an agricultural property tax exemption (Part I); updates climate law goals for energy storage and renewable generation (Part J); establishes a sales tax exemption for energy storage (Part K); relates to residential solar tax credits (Part L); enacts the "solar for all homes and businesses act" (Part M).

Sen. Kevin Parker [D]

Date	Chamber	Action
2024-01-03	Senate	REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
2023-05-25	Senate	REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2023/S7442
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S07442&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07442