NY S08012

Requires the NYS 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 streams by classifying them as intangible assets for assessment purposes

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

Applies to assessing units that have stipulated to use the model to settle assessment disputes

Takes effect immediately upon passage