Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 04, 2012 |
referred to local government |
Feb 18, 2011 |
referred to local government |
Senate Bill S3409
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2011-S3409 (ACTIVE) - Details
2011-S3409 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3409 TITLE OF BILL: An act to amend the real property tax law, in relation to permanently exempting a homeowner from tax increases when installing a solar energy system on their home PURPOSE: To exempt a homeowner from any tax increase after installation of a solar energy system on their home. SUMMARY OF PROVISIONS: Section 1- amends subdivisions 2 of section 487 of the real property law to remove the current limitation of 15 years on any increased assessment for wind, solar and farm waste to energy systems. Section 5 is amended to allow any home solar energy systems constructed after January 1,2014 to receive this incentive. Section 8 is repealed to clarify that this tax exemption applies to county city, town, village and school taxes. Section 2- contains the effective date JUSTIFICATION: This legislation would modify the real property law
2011-S3409 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3409 2011-2012 Regular Sessions I N S E N A T E February 18, 2011 ___________ Introduced by Sen. MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to permanently exempting a homeowner from tax increases when installing a solar ener- gy system on their home THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 2, 5, 8 and 9 of section 487 of the real prop- erty tax law, subdivisions 2 and 8 as amended by chapter 515 of the laws of 2002, subdivision 8 as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, subdivision 5 as amended by chapter 366 of the laws of 2010 and subdivision 9 as added by chapter 608 of the laws of 2002, are amended to read as follows: 2. Real property which includes a solar or wind energy system or farm waste energy system approved in accordance with the provisions of this section shall be exempt from taxation to the extent of any increase in the value thereof by reason of the inclusion of such solar or wind ener- gy system or farm waste energy system [for a period of fifteen years]. When a solar or wind energy system or components thereof or farm waste energy system also serve as part of the building structure, the increase in value which shall be exempt from taxation shall be equal to the assessed value attributable to such system or components multiplied by the ratio of the incremental cost of such system or components to the total cost of such system or components. 5. The exemption granted pursuant to this section shall only be appli- cable to solar or wind energy systems or farm waste energy systems which are (a) existing or constructed prior to July first, nineteen hundred eighty-eight [or], (b) constructed subsequent to January first, nineteen hundred ninety-one and prior to January first, two thousand fifteen OR (C) SOLAR ENERGY SYSTEMS CONSTRUCTED ON ONE, TWO, THREE OR FOUR FAMILY HOMES ON OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07422-01-1
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