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NY A08254
Bill
Status
11/15/2023
Primary Sponsor
Scott Gray
Click for details
AI Summary
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Prohibits taxing jurisdictions that have opted out of energy system tax exemptions from granting exemptions for individual or specific energy system installations.
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Allows jurisdictions that previously opted out to change or repeal the opt-out only if they pass a local law, ordinance, or resolution within 120 days prior to the taxable status date.
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Limits the validity of such changes to one year, with any exemption granted during that period lasting for the standard 15-year exemption period under existing law.
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Applies to solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, electric energy storage, and fuel-flexible linear generator systems.
Legislative Description
Provides that a taxing jurisdiction which has opted out of the exemption from taxation for certain energy systems may not offer the exemption for specific or single projects; requires that a jurisdiction which changes its status relating to the exemption must do so within 120 days prior to the taxable status date; provides that such change shall be valid for one year.
Last Action
referred to real property taxation
1/3/2024