New York A07640 amends the local finance law to establish a 25-year period of probable usefulness for solar arrays and panels.

New York A07640 amends the local finance law by adding a new subdivision to section 11.00. This change provides a 25-year period of probable usefulness for the acquisition, construction, reconstruction, or addition to a solar array or solar panel system. This includes systems with or without buildings, land, rights in land, original furnishings, equipment, machinery, or apparatus, as well as the replacement of such equipment, machinery, or apparatus. The amendment takes effect immediately.

New York A07640 amends the local finance law to establish a 25-year period of probable usefulness for solar arrays and panels.

New York A07640 amends the local finance law by adding a new subdivision to section 11.00. This change provides a 25-year period of probable usefulness for the acquisition, construction, reconstruction, or addition to a solar array or solar panel system. This includes systems with or without buildings, land, rights in land, original furnishings, equipment, machinery, or apparatus, as well as the replacement of such equipment, machinery, or apparatus. The amendment takes effect immediately.