New York A 7640: Provides a period of probable usefulness for solar arrays and panels

Bill Text

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A07640 Summary:

BILL NOA07640 

&nbsp

SAME ASSAME AS S04126

&nbsp

SPONSORBurdick

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §11.00, Loc Fin L

&nbsp

Provides a period of probable usefulness for the acquisition, construction or reconstruction of or addition to a solar array or solar panel system, whether or not including buildings, land or rights in land, original furnishings, equipment, machinery or apparatus, or the replacement of such equipment, machinery or apparatus.

Go to top A07640 Actions:

BILL NOA07640 

&nbsp

04/04/2025referred to local governments

01/07/2026referred to local governments

Go to topA07640 Committee&nbspVotes:

Go to topA07640 Floor&nbspVotes:

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

Go to topA07640 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7640

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 4, 2025
 ___________

 Introduced by M. of A. BURDICK -- read once and referred to the Commit-
 tee on Local Governments

 AN ACT to amend the local finance law, in relation to providing a period
 of probable usefulness for solar arrays and panels

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

 1 Section 1. Paragraph a of section 11.00 of the local finance law is
 2 amended by adding a new subdivision 111 to read as follows:
 3 111. Solar arrays and panels. The acquisition, construction or recon-
 4 struction of or addition to a solar array or solar panel system, whether
 5 or not including buildings, land or rights in land, original
 6 furnishings, equipment, machinery or apparatus, or the replacement of
 7 such equipment, machinery or apparatus, twenty-five years.
 8 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08563-01-5

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