Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 21, 2024 |
referred to energy and telecommunications |
Senate Bill S9691
2023-2024 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Current Bill Status - In Senate Committee Energy And Telecommunications 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
2023-S9691 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10619
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Public Service Law
- Laws Affected:
- Add §28, Pub Serv L; add §487-b, RPT L
- Versions Introduced in 2025-2026 Legislative Session:
-
A42
2023-S9691 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9691 SPONSOR: PARKER TITLE OF BILL: An act to amend the public service law and the real property tax law, in relation to establishing an exemption from taxation for energy-related public utility real property related to attaining state climate goals PURPOSE OR GENERAL IDEA OF BILL: This bill will benefit ratepayers and reduce future utility bills by providing a real property tax exemption for utility property on which projects or improvements are built for which the only purpose is to provide necessary grid improvements in order to meet the state's renewa- ble energy goals, as set forth by the Climate Leadership and Community Protection Act (CLCPA). SUMMARY OF PROVISIONS: Section one adds a new section 28 to the public service law to outline the responsibilities of the department of public service under the
2023-S9691 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9691 I N S E N A T E May 21, 2024 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public service law and the real property tax law, in relation to establishing an exemption from taxation for energy-related public utility real property related to attaining state climate goals THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The public service law is amended by adding a new section 28 to read as follows: § 28. UTILITY TAX EXEMPTION FOR ENERGY-RELATED PUBLIC UTILITY REAL PROPERTY RELATED TO ATTAINING STATE CLIMATE GOALS. 1. THE DEPARTMENT IS AUTHORIZED AND DIRECTED TO CONSULT WITH THE COMMISSIONER OF TAXATION AND FINANCE IN DEVELOPING DEFINITIONS AND GUIDELINES FOR THE ELIGIBILITY FOR EXEMPTION OF ENERGY-RELATED PUBLIC UTILITY REAL PROPERTY AS DESCRIBED IN SUBDIVISIONS TWO AND THREE OF SECTION FOUR HUNDRED EIGHTY-SEVEN-B OF THE REAL PROPERTY TAX LAW. NO ENERGY-RELATED PUBLIC UTILITY REAL PROPERTY SHALL BE ENTITLED TO ANY EXEMPTION FROM TAXATION UNDER SECTION FOUR HUNDRED EIGHTY-SEVEN-B OF THE REAL PROPERTY TAX LAW UNLESS SUCH PROJECT MEETS THE GUIDELINES SET BY THE COMMISSIONER OF TAXATION AND FINANCE IN CONSULTATION WITH THE DEPARTMENT. 2. THE DEPARTMENT SHALL ENSURE THAT ANY NET DECREASE IN A UTILITY COMPANY'S REAL PROPERTY TAX EXPENSE RESULTING FROM THE PROVISIONS OF SECTION FOUR HUNDRED EIGHTY-SEVEN-B OF THE REAL PROPERTY TAX LAW SHALL INURE TO THE BENEFIT OF THE RATEPAYERS OF SUCH COMPANY. § 2. The real property tax law is amended by adding a new section 487-b to read as follows: § 487-B. EXEMPTION FROM TAXATION FOR ENERGY-RELATED PUBLIC UTILITY REAL PROPERTY RELATED TO ATTAINING STATE CLIMATE GOALS. 1. AS USED IN THIS SECTION: (A) "ENERGY-RELATED PUBLIC UTILITY REAL PROPERTY" MEANS REAL PROPERTY THAT IS OWNED BY A UTILITY CORPORATION AND USED IN THE STORAGE, TRANS- MISSION AND DISTRIBUTION OF ELECTRICITY, OR STEAM INCLUDING CONDUITS, CABLES, LINES, WIRES, POLES, MAINS, PIPES, SUBSTATIONS, TANKS, SUPPORTS AND ENCLOSURES FOR ELECTRICAL CONDUCTORS LOCATED ON, ABOVE AND BELOW REAL PROPERTY. (B) "DEPARTMENT" MEANS THE DEPARTMENT OF PUBLIC SERVICE.
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