NY S02349

Excludes payments in lieu of taxes (PILOTs) from renewable energy systems when calculating local government tax levy limits under the property tax cap law

Excludes energy system PILOTs from school district tax levy limit calculations under the same framework

Covered energy systems include solar, wind, farm waste, micro-hydroelectric, fuel cell, micro-combined heat and power, electric energy storage, and fuel-flexible linear generator systems as defined in Real Property Tax Law section 487

Removes these energy-related PILOTs from both the "add prior year" and "subtract coming year" adjustments in the tax levy limit formula, effectively treating them as outside the cap calculation

Takes effect immediately upon passage