S 8204

This bill amends New York's real property tax law to expand the definition of "nuclear powered electric generating facility" to include facilities that formerly generated nuclear power, not just those currently in operation. Under existing law, local taxing jurisdictions (counties, cities, towns, villages, and school districts) can choose to grant tax exemptions to nuclear power facilities through local laws or resolutions. By extending the definition to include decommissioned nuclear plants, this bill would allow localities to continue providing tax exemptions to these facilities even after they cease generating electricity, potentially affecting the tax revenue and economic relationships between closed nuclear plants and their host communities.