NYΒ·BillΒ·2019 Regular Session

A 10107

Enacted

Relates to tax exemptions for nuclear powered electric generating facilities

Introduced 2020-03-12Last action 2020-12-31 β€” APPROVAL MEMO.75

Sponsor

GALEF

Cosponsors

None
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Enacted

Legislative Progress

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Introduced
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In Committee
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Passed Chamber
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Enacted / Signed

Summary

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 operating. Under existing law, local governments (counties, cities, towns, villages, and school districts) can choose to grant tax exemptions to nuclear power facilities through local laws or resolutions. By adding formerly operating nuclear plants to this definition, the bill would allow these decommissioned or shut-down facilities to potentially qualify for the same property tax exemptions, special levies, and special assessment exemptions that active nuclear plants can receive, provided the local taxing jurisdiction chooses to grant such exemptions.

Note

Historical import. Session: 2019-2020

Full Bill Text
http://legislation.nysenate.gov/pdf/bills/2019/A10107
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