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NY S04126
Bill
Status
2/3/2025
Primary Sponsor
Peter Harckham
Click for details
AI Summary
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Amends the local finance law to establish a 25-year period of probable usefulness for solar arrays and solar panel systems
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Covers acquisition, construction, reconstruction, or additions to solar array and panel systems
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Includes associated buildings, land, land rights, original furnishings, equipment, machinery, and apparatus under the financing period
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Allows replacement of equipment, machinery, or apparatus to also qualify for the 25-year period
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Takes effect immediately upon passage
Legislative Description
Provides a period of probable usefulness for the acquisition, construction or reconstruction of or addition to a solar array or solar panel system, whether or not including buildings, land or rights in land, original furnishings, equipment, machinery or apparatus, or the replacement of such equipment, machinery or apparatus.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/7/2026