Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 06, 2016 |
referred to local government |
Feb 10, 2015 |
referred to local government |
Senate Bill S3465
2015-2016 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
2015-S3465 (ACTIVE) - Details
2015-S3465 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3465 TITLE OF BILL: An act to amend the real property tax law, in relation to increasing the value of the exemption for certain renewable energy systems or farm waste energy systems PURPOSE: To increase the value of the exemption for certain renewable energy systems or farm-waste energy systems. SUMMARY OF PROVISIONS: This legislation amends Section 487 of the Real Property Tax Law. JUSTIFICATION: As a way to address problems associated with increased energy costs and the general dependency on fossil fuels, several states and local governments have adopted programs to gauge the feasibility of renewable energy sources and to provide financial subsidies to encourage the adoption of those sources deemed to be sustainable energy resources. For example, the Town of Southampton on Long Island, New York, has realized the long-term value that solar and geothermal energy utilization can have on the entire community. As such, the Town has implemented a program which offers a rebate to both residents and local businesses that utilize said alternative energy methods, This effective program provides in incentive for those individuals and entities that might not have otherwise chosen to utilize an alternative energy source.
2015-S3465 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 3465 A. 4961 2015-2016 Regular Sessions S E N A T E - A S S E M B L Y February 10, 2015 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Local Govern- ment IN ASSEMBLY -- Introduced by M. of A. THIELE, GOTTFRIED -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to increasing the value of the exemption for certain renewable energy systems or farm waste energy systems THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 487 of the real property tax law, as amended by chapter 515 of the laws of 2002, paragraph (e) of subdivision 1 as amended by chapter 272 of the laws of 2013, subdivisions 5 and 8 and paragraph (a) of subdivision 9 as amended by chapter 344 of the laws of 2014, subdivision 6 as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010 and subdivision 9 as added by chapter 608 of the laws of 2002, is amended to read as follows: S 487. Exemption from taxation for certain [solar or wind] RENEWABLE energy systems or farm waste energy systems. 1. As used in this section: (a) "[Solar or wind] RENEWABLE energy equipment" means collectors, controls, energy storage devices, heat pumps and pumps, heat exchangers, windmills, and other materials, hardware or equipment necessary to the process by which solar radiation, GEOTHERMAL ENERGY or wind is (i) collected, (ii) converted into another form of energy such as thermal, electrical, mechanical or chemical, (iii) stored, (iv) protected from unnecessary dissipation and (v) distributed. 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 include insulated glazing or insulation to the extent that such materials exceed the energy efficiency standards required by law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08434-02-5
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