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NY A03165
Bill
Status
Introduced
2/2/2023
Primary Sponsor
Robert Carroll
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AI Summary
- Extends the deadline for solar electric generating systems to qualify for tax abatement from January 1, 2024 to January 1, 2027
- Maintains the tax abatement amount at the lesser of 5% of eligible solar expenditures, taxes payable in that year, or $62,500 annually during the compliance period
- Changes the application deadline from March 15, 2024 to March 15, 2027 for applicants to file for the tax abatement
- Applies to solar electric generating systems placed in service on or after January 1, 2014
- Takes effect immediately upon enactment
Legislative Description
Extends the expiration of the solar electric generating system tax abatement.
Last Action
referred to real property taxation
1/3/2024
Committee Referrals
Real Property Taxation2/2/2023
Full Bill Text
No bill text available