Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 15, 2014 |
referred to local government |
Senate Bill S7446
2013-2014 Legislative Session
Sponsored By
(D) 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
2013-S7446 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง487, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S1213
2017-2018: S3407
2019-2020: S3590
2013-S7446 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7446 TITLE OF BILL: An act to amend the real property tax law, in relation to exempting property owners from tax increases when installing a wind energy system on or after January 1, 2016 PURPOSE: Exempts property owners from tax increases due to the instal- lation of a wind energy generating system SUMMARY OF PROVISIONS: Section 1 amends subdivision 5 of section 487 of the real property tax law, as amended by chapter 366 of the laws of 2010, to exempt tax increases when installing a wind energy system constructed on residen- tial, commercial, or agricultural property on or after January 1, 2016 Section 2- provides that this act shall take effect immediately JUSTIFICATION: This legislation will modify the Real Property Tax law regarding real property, which includes a wind energy system. Currently there is a fifteen-year real property tax exemption for anyone who installs a wind energy system. These structures provide positive bene- fits to the environment, a reduction in pollution caused by power plants striving to meet the needs of the local energy demand, reduces the demand of foreign oil and saves residents money by providing clean free energy. This legislation will permanently eliminate the increase to
2013-S7446 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7446 I N S E N A T E May 15, 2014 ___________ Introduced by Sen. GIPSON -- 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 exempting property owners from tax increases when installing a wind energy system on or after January 1, 2016 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 487 of the real property tax law, as amended by chapter 366 of the laws of 2010, is amended to read as follows: 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) WIND ENERGY SYSTEMS CONSTRUCTED ON RESIDENTIAL, COMMERCIAL OR AGRI- CULTURAL PROPERTY ON OR AFTER JANUARY FIRST, TWO THOUSAND SIXTEEN. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15138-01-4
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