New York A06198 amends the real property tax law to provide a tax abatement for electric energy storage equipment placed in service between January.

New York A06198 amends the real property tax law to provide a tax abatement for electric energy storage equipment placed in service between January 1, 2027, and January 1, 2029. The tax abatement is the lesser of ten percent of eligible equipment expenditures, the amount of taxes payable in the tax year, or $62,500. This act takes effect immediately.

New York A06198 amends the real property tax law to provide a tax abatement for electric energy storage equipment placed in service between January.

New York A06198 amends the real property tax law to provide a tax abatement for electric energy storage equipment placed in service between January 1, 2027, and January 1, 2029. The tax abatement is the lesser of ten percent of eligible equipment expenditures, the amount of taxes payable in the tax year, or $62,500. This act takes effect immediately.