STATE OF NEW YORK
________________________________________________________________________
3229--A
2021-2022 Regular Sessions
IN SENATE
January 28, 2021
___________
Introduced by Sen. PARKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Cities 1 -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the real property tax law, in relation to providing a
tax abatement for electric energy storage equipment
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (e) of subdivision 1 of section 499-bbbb of the
2 real property tax law, as amended by section 1 of item B of subpart H of
3 part XXX of chapter 58 of the laws of 2020, is amended and a new para-
4 graph (f) is added to read as follows:
5 (e) if electric energy storage equipment is placed in service on or
6 after January first, two thousand nineteen, and before January first,
7 two thousand twenty-four, for each year of the compliance period such
8 tax abatement shall be the lesser of (i) ten percent of eligible elec-
9 tric energy storage equipment expenditures, (ii) the amount of taxes
10 payable in such tax year, or (iii) sixty-two thousand five hundred
11 dollars[.]; or
12 (f) if electric energy storage equipment is placed in service on or
13 after January first, two thousand twenty-four, and before January first,
14 two thousand twenty-six, for each year of the compliance period such tax
15 abatement shall be the lesser of (i) ten percent of eligible electric
16 energy storage equipment expenditures, (ii) the amount of taxes payable
17 in such tax year, or (iii) sixty-two thousand five hundred dollars.
18 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05591-02-1
