Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 17, 2012 |
signed chap.401 |
Aug 06, 2012 |
delivered to governor |
Jun 21, 2012 |
returned to assembly passed senate 3rd reading cal.1519 substituted for s7711 |
Jun 19, 2012 |
referred to rules delivered to senate passed assembly |
Jun 18, 2012 |
ordered to third reading rules cal.372 rules report cal.372 reported reported referred to rules |
Jun 08, 2012 |
referred to ways and means |
Assembly Bill A10620
Signed By Governor2011-2012 Legislative Session
Sponsored By
FARRELL
Archive: Last Bill Status - Signed by Governor
- 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
Votes
co-Sponsors
Peter Rivera
Naomi Rivera
2011-A10620 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7711
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §§499-bbbb & 499-cccc, RPT L
2011-A10620 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10620 I N A S S E M B L Y June 8, 2012 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Farrell) -- read once and referred to the Committee on Ways and Means AN ACT to amend the real property tax law, in relation to a solar elec- tric generating system tax abatement for certain properties in a city of one million or more persons THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 499-bbbb of the real property tax law, as added by chapter 473 of the laws of 2008, is amended to read as follows: 1. The amount of such tax abatement shall be as follows: (a) if the solar electric generating system is placed in service on or after the effective date of this title and before January first, two thousand eleven, for each year of the compliance period such tax abate- ment shall be the lesser of (i) eight and three-fourths 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; or (b) if the solar electric generating system is placed in service on or after January first, two thousand eleven, and before January first, two thousand thirteen, 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 paya- ble in such tax year, or (iii) sixty-two thousand five hundred dollars; OR (C) IF THE SOLAR ELECTRIC GENERATING SYSTEM IS PLACED IN SERVICE ON OR AFTER JANUARY FIRST, TWO THOUSAND THIRTEEN, AND BEFORE JANUARY FIRST, TWO THOUSAND FIFTEEN, FOR EACH YEAR OF THE COMPLIANCE PERIOD SUCH TAX ABATEMENT SHALL BE THE LESSER OF (I) TWO AND FIVE-TENTHS 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16199-01-2
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