A10620-2011 Actions

• Aug 17, 2012: signed chap.401
• Aug 6, 2012: delivered to governor
• Jun 21, 2012: RETURNED TO ASSEMBLY
• Jun 21, 2012: PASSED SENATE
• Jun 21, 2012: 3RD READING CAL.1519
• Jun 21, 2012: SUBSTITUTED FOR S7711
• Jun 19, 2012: REFERRED TO RULES
• Jun 19, 2012: delivered to senate
• Jun 19, 2012: passed assembly
• Jun 18, 2012: ordered to third reading rules cal.372
• Jun 18, 2012: rules report cal.372
• Jun 18, 2012: reported
• Jun 18, 2012: reported referred to rules
• Jun 8, 2012: referred to ways and means

A10620-2011 Votes

A10620-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 10620
 I N  ASSEMBLY
 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
 
       A. 10620                            2
 

S 2. Subdivision 1 of section 499-cccc of the real property  tax  law,
 as  added  by  chapter  473  of  the laws of 2008, 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 [thirteen] FIFTEEN.
 

S 3. This act shall take effect immediately.

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