Assembly Bill A2616

2023-2024 Legislative Session

Relates to exempting heat and power generating equipment from taxation

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

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2023-A2616 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §487, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: A8906
2019-2020: A1323
2021-2022: A5150

2023-A2616 (ACTIVE) - Summary

Establishes that combined heat and power generating equipment shall be exempt from taxation.

2023-A2616 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2616
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 26, 2023
                                ___________
 
 Introduced  by M. of A. PAULIN, DICKENS, SIMON -- read once and referred
   to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to exempting from
   taxation combined heat and power generating equipment
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs (k) and (l) of subdivision 1, subdivisions 2, 3,
 4  and  5  and paragraph (a) of subdivision 8 of section 487 of the real
 property tax law, paragraph (l) of subdivision 1 as added by chapter 336
 of the laws of 2017, paragraph (k) of subdivision 1 and subdivisions  2,
 3, 4 and paragraph (a) of subdivision 8 as amended by chapter 325 of the
 laws  of  2018,  and  subdivision 5 as amended by section 1 of part X of
 chapter 59 of the laws of 2021, are amended to read as follows:
   (k) "[Micro-combined] COMBINED heat and  power  generating  equipment"
 means  an integrated, cogenerating building heating and electrical power
 generation system, [owned, leased or operated by] SERVING a  residential
 OR  COMMERCIAL  customer, located at such customer's premises, operating
 on any fuel and of any applicable engine, fuel cell, fuel-flexible line-
 ar generator or other technology with a rated capacity of at  least  one
 kilowatt  and  not  more than [ten kilowatts] FIFTEEN MEGAWATTS electric
 and any thermal output that has a design total fuel  use  efficiency  in
 the  production  of heat and electricity of not less than [eighty] SIXTY
 percent, and annually produces at least two thousand kilowatt  hours  of
 useful  energy  in  the form of electricity that may work in combination
 with supplemental or parallel  conventional  heating  systems,  that  is
 manufactured,  installed  and  operated  in  accordance  with applicable
 government and industry standards, that is  connected  to  the  electric
 system and operated in conjunction with an electric corporation's trans-
 mission   and  distribution  facilities.  It  does  not  include  pipes,
 controls, insulation or other equipment which are  part  of  the  normal
 heating,  cooling,  or  insulation  system  of a building.   It does not
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05196-01-3
              

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