Bill Text: NY S08049 | 2017-2018 | General Assembly | Introduced

Bill Title: Extends until January 1, 2021, the deadline to apply for the solar electric generating system real property tax abatement.

Spectrum: Moderate Partisan Bill (Democrat 8-2)

Status: (Introduced - Dead) 2018-06-13 - SUBSTITUTED BY A10150 [S08049 Detail]

Download: New_York-2017-S08049-Introduced.html

                STATE OF NEW YORK
                    IN SENATE
                                     March 22, 2018
        Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Cities
        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 amended by chapter 393 of the laws of 2016, is
     3  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 [nineteen] twenty-one, 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.
    11    § 2. Subdivision 1 of section 499-cccc of the real property  tax  law,
    12  as  amended  by  chapter  393 of the laws of 2016, is amended to read as
    13  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 [nineteen] twenty-one.
    18    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.