STATE OF NEW YORK
________________________________________________________________________
10107
IN ASSEMBLY
March 12, 2020
___________
Introduced by M. of A. GALEF -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to nuclear
powered electric generating facilities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 1 of section 485 of the real property tax law,
2 as added by chapter 87 of the laws of 2001 and as further amended by
3 subdivision (b) of section 1 of part W of chapter 56 of the laws of
4 2010, is amended to read as follows:
5 1. Nuclear powered electric generating facilities shall be exempt from
6 taxation, special ad valorem levies and special assessments to the
7 extent provided in section four hundred ninety of this article upon the
8 adoption of a local law granting such exemption by the legislative body
9 of the county, city, town or village in which such a facility is located
10 or by resolution following a public hearing of the governing body of the
11 school district in which such facility or facilities are located,
12 provided the taxing district may only exempt the facility from real
13 property taxes imposed by the taxing district granting the exemption.
14 The local law or resolution shall state the date on which such exemption
15 shall commence. A copy of such local law or resolution shall be filed no
16 later than thirty days after the adoption thereof with the clerk of each
17 municipal corporation in which the facility is located and with the
18 commissioner. For purposes of this section, nuclear powered electric
19 generating facility shall mean a facility that generates or formerly
20 generated electricity using nuclear power for sale, directly or indi-
21 rectly, to the public, including the land upon which the facility is
22 located, any equipment used in such generation, and equipment leading
23 from the facility to the interconnection with the electric transmission
24 system, but shall not include any equipment in the electric transmission
25 system.
26 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15671-01-0
