NY S07595

Extends tax abatement eligibility for electric energy storage equipment to systems placed in service on or after January 1, 2021 and before January 1, 2023.

Provides a tax abatement of the lesser of 10 percent of eligible electric energy storage equipment expenditures, the amount of taxes payable in the tax year, or $62,500 annually during the compliance period.

Extends the application deadline for tax abatement from March 15, 2021 to March 15, 2023.

Maintains existing tax abatement provisions for solar electric generating systems placed in service between January 1, 2014 and January 1, 2021 and for electric energy storage equipment placed in service between January 1, 2019 and January 1, 2021.