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NY S07711

Bill

Official Source

Status

Introduced

6/14/2012

Primary Sponsor

Andrew Lanza

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Amends real property tax law to add a new tier of solar electric generating system tax abatement for systems placed in service on or after January 1, 2013 and before January 1, 2015
  • Tax abatement for systems in the new tier shall be the lesser of 2.5% of eligible solar electric generating system expenditures, the amount of taxes payable in that tax year, or $62,500 annually during the compliance period
  • Extends the deadline for filing tax abatement applications from March 15, 2013 to March 15, 2015
  • Takes effect immediately upon enactment

Legislative Description

Provides for the amount of tax abatement for solar generating systems in cities of one million or more.

Last Action

SUBSTITUTED BY A10620

6/21/2012

Committee Referrals

Rules6/14/2012

Full Bill Text

No bill text available