STATE OF NEW YORK
________________________________________________________________________
3407
2017-2018 Regular Sessions
IN SENATE
January 23, 2017
___________
Introduced by Sen. PARKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to amend the real property tax law, in relation to exempting
property owners from tax increases when installing a wind energy
system on or after January 1, 2019
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 5 of section 487 of the real property tax law,
2 as amended by chapter 344 of the laws of 2014, is amended to read as
3 follows:
4 5. The exemption granted pursuant to this section shall only be appli-
5 cable to solar or wind energy systems or farm waste energy systems which
6 are (a) existing or constructed prior to July first, nineteen hundred
7 eighty-eight [or], (b) constructed subsequent to January first, nineteen
8 hundred ninety-one and prior to January first, two thousand twenty-five,
9 or (c) wind energy systems constructed on residential, commercial or
10 agricultural property on or after January first, two thousand nineteen.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06222-01-7
