Senate Bill S3465

2015-2016 Legislative Session

Increases the value of the exemption for certain renewable energy systems or farm waste energy systems

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Sponsored By

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

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2015-S3465 (ACTIVE) - Details

See Assembly Version of this Bill:
A4961
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §487, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: S4971, A7859
2011-2012: S3516, A5643
2013-2014: S2359, A2609

2015-S3465 (ACTIVE) - Summary

Increases the value of the exemption for certain renewable energy systems or farm waste energy systems; provides that where the municipality does not tax at full value such exemption shall be pro-rated.

2015-S3465 (ACTIVE) - Sponsor Memo

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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