Bill Text: NY A08925 | 2019-2020 | General Assembly | Introduced

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Bill Title: Extends until January 1, 2023, the deadline to apply for the solar electric generating system real property tax abatement.

Spectrum: Partisan Bill (Democrat 20-0)

Status: (Introduced - Dead) 2020-01-08 - referred to real property taxation [A08925 Detail]

Download: New_York-2019-A08925-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8925

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                    December 30, 2019
                                       ___________

        Introduced  by M. of A. CARROLL -- read once and referred to the Commit-
          tee on Real Property Taxation

        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 separately amended by chapters 327 and 412 of
     3  the laws of 2018, is 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 [twenty-one] twenty-three, 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; or
    11    §  2.  Subdivision 1 of section 499-cccc of the real property tax law,
    12  as separately amended by chapters 327 and 412 of the laws  of  2018,  is
    13  amended to read as 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 [twenty-one] twenty-three.
    18    § 3. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14529-01-9