NY A09680

Extends the deadline for placing solar electric generating systems in service from January 1, 2015 to January 1, 2014, making systems placed on or after January 1, 2014 and before January 1, 2017 eligible for tax abatement

Increases the tax abatement rate from 2.5 percent to 5 percent of eligible solar electric generating system expenditures for systems placed in service on or after January 1, 2014

Maintains the maximum annual tax abatement cap at $62,500 and limits abatement to the lesser of the calculated percentage, taxes payable, or the maximum amount

Extends the application filing deadline for tax abatements from March 15, 2015 to March 15, 2017

Takes effect immediately upon enactment