Bill Text: NY A08427 | 2021-2022 | General Assembly | Introduced

Bill Title: Includes certain spent fuel rods within the definition of real property.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed) 2022-06-02 - RETURNED TO ASSEMBLY [A08427 Detail]

Download: New_York-2021-A08427-Introduced.html

                STATE OF NEW YORK


                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    November 17, 2021

        Introduced  by M. of A. GALEF -- read once and referred to the Committee
          on Real Property Taxation

        AN ACT to amend the real property tax  law,  in  relation  to  including
          certain spent fuel rods within the definition of real property

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

     1    Section 1. Paragraph (j) of subdivision 12 of section 102 of the  real
     2  property  tax  law,  as  added  by  chapter  385 of the laws of 2020, is
     3  amended to read as follows:
     4    (j) Spent fuel rods, spent fuel pools and dry cask storage systems  in
     5  which  nuclear  fuel  is stored and is pending further or final disposal
     6  from a nuclear power station following the permanent cessation of  power
     7  operations of such station.
     8    § 2. This act shall take effect immediately.

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