Provides a period of probable usefulness for the acquisition, construction or reconstruction of or addition to a solar array or solar panel system, whether or not including buildings, land or rights in land, original furnishings, equipment, machinery or apparatus, or the replacement of such equipment, machinery or apparatus.
STATE OF NEW YORK
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8196
IN SENATE
January 12, 2024
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Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to amend the local finance law, in relation to providing a period
of probable usefulness for solar arrays and panels
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph a of section 11.00 of the local finance law is
2 amended by adding a new subdivision 111 to read as follows:
3 111. Solar arrays and panels. The acquisition, construction or recon-
4 struction of or addition to a solar array or solar panel system, whether
5 or not including buildings, land or rights in land, original
6 furnishings, equipment, machinery or apparatus, or the replacement of
7 such equipment, machinery or apparatus, thirty years.
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14017-02-4
