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NY S06201
Bill
Status
4/3/2023
Primary Sponsor
Mark Walczyk
Click for details
AI Summary
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Amends real property tax law to require payment in lieu of tax (PILOT) agreements for solar or wind energy systems to include a provision giving the taxing jurisdiction 12.5% of profits generated from the system, in addition to other required PILOT payments.
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Adds new section 66-v to public service law requiring land-lease agreements for solar or wind energy systems to include a provision giving the land owner 12.5% of profits generated from the system, in addition to other lease payments.
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Defines "solar or wind energy system" using the same definition as section 487 of the real property tax law.
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Takes effect immediately and applies to all contracts and agreements entered into on or after the enactment date.
Legislative Description
Requires 12.5% of profits generated from a solar or wind energy system to be paid to a taxing jurisdiction or land owner under certain agreements for the installation and use of such solar or wind energy system, in addition to other PILOT or other payments required under such agreement.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/3/2024