New York A 42: Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A00042 Summary:

BILL NOA00042A

&nbsp

SAME ASSAME AS S02475-A

&nbsp

SPONSORBurdick

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §28, Pub Serv L; add §487-b, RPT L

&nbsp

Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals; provides that such exemption shall remain in effect until it is retired or removed from service.

Go to top A00042 Actions:

BILL NOA00042A

&nbsp

01/08/2025referred to real property taxation

01/07/2026referred to real property taxation

05/21/2026amend and recommit to real property taxation

05/21/2026print number 42a

Go to topA00042 Committee&nbspVotes:

Go to topA00042 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00042 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 42--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. BURDICK -- read once and referred to the Commit-
 tee on Real Property Taxation -- recommitted to the Committee on Real
 Property Taxation in accordance with Assembly Rule 3, sec. 2 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the public service law and the real property tax law, in
 relation to establishing an exemption from taxation for energy-related
 public utility real property related to attaining state climate goals

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The public service law is amended by adding a new section
 2 28 to read as follows:
 3 § 28. Utility tax exemption for energy-related public utility real
 4 property related to attaining state climate goals. 1. The department is
 5 authorized and directed to consult with the commissioner of taxation and
 6 finance in developing definitions and guidelines for the eligibility for
 7 exemption of energy-related public utility real property as described in
 8 subdivisions two and three of section four hundred eighty-seven-b of the
 9 real property tax law. No energy-related public utility real property
 10 shall be entitled to any exemption from taxation under section four
 11 hundred eighty-seven-b of the real property tax law unless such project
 12 meets the guidelines set by the commissioner of taxation and finance in
 13 consultation with the department.
 14 2. The department shall ensure that any net decrease in a utility
 15 company's real property tax expense resulting from the provisions of
 16 section four hundred eighty-seven-b of the real property tax law shall
 17 inure to the benefit of the ratepayers of such company.
 18 § 2. The real property tax law is amended by adding a new section
 19 487-b to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00111-03-6

 A. 42--A 2

 1 § 487-b. Exemption from taxation for energy-related public utility
 2 real property related to attaining state climate goals. 1. As used in
 3 this section:
 4 (a) "Energy-related public utility real property" means real property
 5 that is owned by a utility corporation and used in the storage, trans-
 6 mission and distribution of electricity, or steam including conduits,
 7 cables, lines, wires, poles, mains, pipes, substations, tanks, supports
 8 and enclosures for electrical conductors located on, above and below
 9 real property.
 10 (b) "Department" means the department of public service.
 11 (c) "Utility corporation" shall have the same meaning as defined in
 12 section two of the public service law.
 13 (d) "State climate goals" shall mean the climate justice and emission
 14 reduction goals in article seventy-five of the environmental conserva-
 15 tion law and the renewable energy goals in section sixty-six-p of the
 16 public service law.
 17 2. Energy-related public utility real property, the primary purpose of
 18 which is to aid in meeting state climate goals, shall be exempt from
 19 taxation, except school district tax levies. Such exemption shall remain
 20 in effect until such energy-related public utility real property is
 21 retired and removed from service.
 22 3. Energy-related public ut