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S08204 Summary:

S08204 Actions:

S08204 Committee Votes:

S08204 Floor Votes:

S08204 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8204
 
                    IN SENATE
 
                                     April 15, 2020
                                       ___________
 
        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 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