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NY A10107
Bill
Status
12/31/2020
Primary Sponsor
Sandra Galef
Click for details
AI Summary
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Amends the real property tax law to expand the definition of "nuclear powered electric generating facility" to include facilities that currently generate or formerly generated electricity using nuclear power for sale to the public.
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Maintains the exemption from taxation, special ad valorem levies, and special assessments for nuclear facilities when a local law or resolution is adopted by the appropriate legislative body or school district.
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Requires a copy of the local law or resolution granting exemption to be filed within 30 days with municipal clerks and the commissioner.
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Clarifies that the definition includes the land, equipment used in generation, and equipment connecting the facility to the electric transmission system, but excludes transmission system equipment itself.
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Takes effect immediately upon enactment.
Legislative Description
Includes facilities which formerly generated nuclear power to the definition of nuclear powered electric generating facility.
Last Action
APPROVAL MEMO.75
12/31/2020