A2864-2011 Actions

• Feb 14, 2012: held for consideration in real property taxation
• Jan 4, 2012: referred to real property taxation
• Jan 20, 2011: referred to real property taxation

A2864-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         2864
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 January 20, 2011
 
 Introduced by M. of A. CALHOUN, KOLB, McDONOUGH, CASTELLI -- Multi-Spon
 sored  by -- M. of A.  BURLING, OAKS, SAYWARD, TEDISCO, THIELE -- read
 once and referred to the Committee on Real Property Taxation
 

AN ACT to amend the real property tax law, in relation to  providing  an
 exemption  from  taxation  of  energy  star-compliant  improvements to
 certain residential premises
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section  1. 

Section 487-a of the real property tax law, as amended by
 chapter 848 of the laws of 1981, is amended to read as follows:

 

S 487-a. Exemption  from  taxation  of  conservation  improvements  to
 certain  residential  premises. Insulation and other energy conservation
 measures hereafter added to one, two, three or four family homes,  which
 qualify  for  (a)  financing  under a home conservation plan pursuant to
 article VII-A of the public  service  law,  [or]  (b)  any  conservation
 related state or federal tax credit or deduction heretofore or hereafter
 enacted,  OR (C) QUALIFY AS ENERGY STAR-COMPLIANT PURSUANT TO THE UNITED
 STATES ENVIRONMENTAL PROTECTION AGENCY'S ENERGY STAR PROGRAM,  shall  be
 exempt  from real property taxation and special ad valorem levies to the
 extent of any increase in value of such homes by reason  of  such  addi
 tion.
 

S  2. This act shall take effect on the first of January next succeed
 ing the date on which it shall have become a  law  and  shall  apply  to
 assessment rolls prepared on the basis of taxable status dates occurring
 on or after such effective date.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02838-01-1

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