Bill Text: NY S03407 | 2017-2018 | General Assembly | Introduced

New York Senate Bill 3407 (Prior Session Legislation)

Introduced

Bill Title: Exempts property owners from tax increases due to the installation of a wind energy generating system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO LOCAL GOVERNMENT [S03407 Detail]

Download: New_York-2017-S03407-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          3407
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 23, 2017
                                       ___________
        Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
        AN ACT to amend the real property tax  law,  in  relation  to  exempting
          property  owners  from  tax  increases  when  installing a wind energy
          system on or after January 1, 2019
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Subdivision 5 of section 487 of the real property tax law,
     2  as amended by chapter 344 of the laws of 2014, is  amended  to  read  as
     3  follows:
     4    5. The exemption granted pursuant to this section shall only be appli-
     5  cable to solar or wind energy systems or farm waste energy systems which
     6  are  (a)  existing  or constructed prior to July first, nineteen hundred
     7  eighty-eight [or], (b) constructed subsequent to January first, nineteen
     8  hundred ninety-one and prior to January first, two thousand twenty-five,
     9  or (c) wind energy systems constructed  on  residential,  commercial  or
    10  agricultural property on or after January first, two thousand nineteen.
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06222-01-7