New York A03828 regulates tax exemptions for certain energy systems in jurisdictions that have opted out of such exemptions.

New York A03828 amends the real property tax law to ensure that a taxing jurisdiction that has opted out of the exemption from taxation for certain energy systems cannot offer the exemption for specific or single projects. It mandates that any jurisdiction changing its status regarding the exemption must do so within 120 days prior to the taxable status date. Such a change in status must be valid for one year. The bill also specifies that certain energy systems constructed after January 1, 2018, are subject to these regulations.

New York A03828 regulates tax exemptions for certain energy systems in jurisdictions that have opted out of such exemptions.

New York A03828 amends the real property tax law to ensure that a taxing jurisdiction that has opted out of the exemption from taxation for certain energy systems cannot offer the exemption for specific or single projects. It mandates that any jurisdiction changing its status regarding the exemption must do so within 120 days prior to the taxable status date. Such a change in status must be valid for one year. The bill also specifies that certain energy systems constructed after January 1, 2018, are subject to these regulations.