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NY A08332

Bill

Status

Introduced

5/13/2025

Primary Sponsor

Micah Lasher

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Requires the NY Department of Taxation and Finance to include host community benefit payments, decommissioning expenses, and community solar subscriber management costs as expenses when calculating solar and wind energy system assessments

  • Excludes federal investment and production tax credits, as well as environmental values like renewable energy credits, from revenue calculations by classifying them as intangible assets

  • Protects assessing units that use the department's 2025 valuation model from having costs imposed against them in property tax assessment review proceedings under Article 7

  • Authorizes the department to consider regional economic and cost differences when formulating appraisal models and discount rates for solar and wind energy systems across different geographic areas of New York

Legislative Description

Relates to additional considerations regarding the assessment of solar or wind energy systems through a discounted cash flow approach.

Last Action

substituted by s8012

6/16/2025

Committee Referrals

Rules5/27/2025
Ways and Means5/20/2025
Real Property Taxation5/13/2025

Full Bill Text

No bill text available