Bill Text: NY A10398 | 2019-2020 | General Assembly | Introduced

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Bill Title: Includes spent fuel that is pending further or final disposal from a nuclear power station following the permanent cessation of power of operations of such station within the definition of real property.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2020-12-31 - APPROVAL MEMO.74 [A10398 Detail]

Download: New_York-2019-A10398-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10398

                   IN ASSEMBLY

                                       May 4, 2020
                                       ___________

        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 nuclear fuel 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. Subdivision 12 of section 102 of the real property tax  law
     2  is amended by adding a new paragraph (j) to read as follows:
     3    (j)  Spent  fuel  pools  and dry cask storage systems in which nuclear
     4  fuel is stored and is pending further or final disposal from  a  nuclear
     5  power  station  following the permanent cessation of power operations of
     6  such station.
     7    § 2.  The real property tax law is amended by adding a new section 563
     8  to read as follows:
     9    § 563. Real property used to store spent nuclear fuel.   Notwithstand-
    10  ing  any  other provision of law, real property, as defined in paragraph
    11  (j) of subdivision twelve of section one hundred two  of  this  chapter,
    12  shall be assessable.
    13    § 3.  This act shall take effect January 1, 2021.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09459-08-0