NY A06198

Creates a new real property tax abatement for electric energy storage equipment placed in service between January 1, 2027 and January 1, 2029

Sets the annual tax abatement at the lesser of: 10% of eligible electric energy storage equipment expenditures, the amount of taxes payable that year, or $62,500

Amends Section 499-bbbb of the real property tax law by adding a new paragraph (g) to existing solar and energy storage tax abatement provisions

Takes effect immediately upon enactment