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NY A07343
Bill
Status
Introduced
5/5/2021
Primary Sponsor
Robert Carroll
Click for details
AI Summary
- Adds a new tax abatement category for electric energy storage equipment placed in service on or after January 1, 2024 and before January 1, 2026
- Tax abatement equals the lesser of: 10% of eligible equipment expenditures, the amount of taxes payable in that tax year, or $62,500
- Extends existing abatement structure that previously applied only to equipment placed in service between January 1, 2019 and January 1, 2024
- Takes effect immediately upon enactment
Legislative Description
Provides for a tax abatement for electric energy storage equipment placed in service after January 1, 2024 and before January 1, 2026.
Last Action
referred to real property taxation
1/5/2022
Committee Referrals
Real Property Taxation5/5/2021
Full Bill Text
No bill text available