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NY S05127
Bill
Status
2/23/2023
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Exempts payments in lieu of taxes (PILOT) for energy systems from being counted in local government and school district tax levy calculations under General Municipal Law and Education Law.
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Excludes PILOT payments for solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, electric energy storage, and fuel-flexible linear generator electric generating systems as defined in Real Property Tax Law section 487.
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Modifies four specific provisions in General Municipal Law Section 3-c and Education Law Section 2023-a that previously included all PILOT payments in tax levy calculations.
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Takes effect immediately upon enactment.
Legislative Description
Relates to exempting payment in lieu of tax payments relating to energy systems from school district and local government tax levies.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/3/2024