New York A05959 amends the real property tax law to provide direct-pay tax abatement credits for solar electric generating systems and electric.

New York A05959 amends the real property tax law to provide direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings. Eligible properties include 501(c)(3) corporations, associations, organizations, trusts, and income-restricted affordable housing properties. The tax abatement or direct-pay credit is issued by the department of finance in the form of a check, irrespective of the amount of taxes payable in the tax year.

New York A05959 amends the real property tax law to provide direct-pay tax abatement credits for solar electric generating systems and electric.

New York A05959 amends the real property tax law to provide direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings. Eligible properties include 501(c)(3) corporations, associations, organizations, trusts, and income-restricted affordable housing properties. The tax abatement or direct-pay credit is issued by the department of finance in the form of a check, irrespective of the amount of taxes payable in the tax year.