S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10150
 
                           I N  A S S E M B L Y
 
                              March 20, 2018
                                ___________
 
 Introduced  by  M. of A. CARROLL, L. ROSENTHAL -- read once and referred
   to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to extending  the
   expiration of the solar electric generating system tax abatement
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (d) of subdivision 1 of section 499-bbbb  of  the
 real property tax law, as amended by chapter 393 of the laws of 2016, is
 amended to read as follows:
   (d) if the solar electric generating system is placed in service on or
 after  January  first,  two thousand fourteen, and before January first,
 two thousand [nineteen] TWENTY-ONE, for  each  year  of  the  compliance
 period  such  tax  abatement  shall be the lesser of (i) five percent of
 eligible solar electric generating system expenditures, (ii) the  amount
 of  taxes  payable  in  such  tax year, or (iii) sixty-two thousand five
 hundred dollars.
   § 2. Subdivision 1 of section 499-cccc of the real property  tax  law,
 as  amended  by  chapter  393 of the laws of 2016, is amended to read as
 follows:
   1. To obtain a tax abatement pursuant to this title, an applicant must
 file an application for tax abatement, which may be filed  on  or  after
 January  first, two thousand nine, and on or before March fifteenth, two
 thousand [nineteen] TWENTY-ONE.
   § 3. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15152-02-8