New York S07390 exempts existing solar or wind energy projects in Lewis County from certain appraisal models and discount rates.

New York S07390 amends Part N of Chapter 59 of the laws of 2023, which pertains to the real property tax law. The bill specifically excludes solar or wind energy projects in Lewis County that were already in existence on the effective date of Part N from certain appraisal models and discount rates. This means that these existing energy projects will not be subject to the specified appraisal models and discount rates that apply to other properties. The changes are intended to take effect immediately and be in force from the effective date of Part N of Chapter 59 of the laws of 2023.

New York S07390 exempts existing solar or wind energy projects in Lewis County from certain appraisal models and discount rates.

New York S07390 amends Part N of Chapter 59 of the laws of 2023, which pertains to the real property tax law. The bill specifically excludes solar or wind energy projects in Lewis County that were already in existence on the effective date of Part N from certain appraisal models and discount rates. This means that these existing energy projects will not be subject to the specified appraisal models and discount rates that apply to other properties. The changes are intended to take effect immediately and be in force from the effective date of Part N of Chapter 59 of the laws of 2023.