Extends from January 1, 2006 until January 1, 2011, the expiration of certain provisions of law relating to tax exemptions for solar, wind, or farm waste energy systems.
STATE OF NEW YORK
________________________________________________________________________
5966--A
2005-2006 Regular Sessions
IN SENATE
September 16, 2005
___________
Introduced by Sens. FLANAGAN, WRIGHT, LARKIN -- read twice and ordered
printed, and when printed to be committed to the Committee on Rules --
recommitted to the Committee on Local Government in accordance with
Senate Rule 6, sec. 8 -- 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 extending
certain energy exemptions
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 515 of the laws of 2002, 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 [six]
9 eleven.
10 § 2. This act shall take effect immediately and shall be deemed to
11 have been in full force and effect on and after January 1, 2006.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13699-03-6
