New York A08332 amends the real property tax law to include additional considerations for assessing solar or wind energy systems.

New York A08332 amends the real property tax law to include additional considerations for assessing solar or wind energy systems. The bill modifies the assessment model to include expenses associated with decommissioning these systems and community solar subscriber management costs. It also deems federal investment and production tax credits and environmental values, such as renewable energy credits, as intangible. The New York State Department of Taxation and Finance is authorized to consider regional economic and cost characteristics in the appraisal model and discount rate.

New York A08332 amends the real property tax law to include additional considerations for assessing solar or wind energy systems.

New York A08332 amends the real property tax law to include additional considerations for assessing solar or wind energy systems. The bill modifies the assessment model to include expenses associated with decommissioning these systems and community solar subscriber management costs. It also deems federal investment and production tax credits and environmental values, such as renewable energy credits, as intangible. The New York State Department of Taxation and Finance is authorized to consider regional economic and cost characteristics in the appraisal model and discount rate.