NY A10620

Amends the solar electric generating system tax abatement for properties in cities with one million or more residents to add a new category for systems placed in service on or after January 1, 2013 and before January 1, 2015

New category provides a tax abatement of the lesser of: 2.5 percent of eligible solar system expenditures, the amount of taxes payable in that tax year, or $62,500 annually during the compliance period

Extends the application deadline for tax abatement from March 15, 2013 to March 15, 2015

Maintains existing abatement rates for systems placed in service before January 1, 2011 (8.75 percent) and between January 1, 2011 and December 31, 2012 (5 percent)