New York A 6221: Alters the composition of the state board of parole

Bill Text

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A06221 Summary:

BILL NOA06221 

&nbsp

SAME ASSAME AS S06595

&nbsp

SPONSORCarroll R

&nbsp

COSPNSRSimon

&nbsp

MLTSPNSR

&nbsp

Add Art 4 Title 3-A §§498 - 498-f, RPT L

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Provides a tax abatement for facility-integrated carbon-to-value equipment in a city with a population of one million or more.

Go to top A06221 Actions:

BILL NOA06221 

&nbsp

02/27/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA06221 Committee&nbspVotes:

Go to topA06221 Floor&nbspVotes:

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

Go to topA06221 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6221

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 27, 2025
 ___________

 Introduced by M. of A. R. CARROLL, SIMON -- read once and referred to
 the Committee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to providing a
 tax abatement for facility-integrated carbon-to-value equipment

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

 1 Section 1. Article 4 of the real property tax law is amended by adding
 2 a new title 3-A to read as follows:
 3 TITLE 3-A
 4 CARBON-TO-VALUE TAX ABATEMENT FOR CERTAIN PROPERTIES IN A CITY OF
 5 ONE MILLION OR MORE PERSONS
 6 Section 498. Definitions.
 7 498-a. Tax abatement terms and amounts.
 8 498-b. Tax abatement application guidelines and rules.
 9 498-c. Tax abatement continuing requirements.
 10 498-d. Tax abatement revocation rules.
 11 498-e. Tax abatement enforcement and administration.
 12 498-f. Tax lien and interest rules.
 13 § 498. Definitions. When used in this title:
 14 1. "Anthropogenic carbon dioxide emissions" shall refer to the release
 15 of heat-trapping carbon dioxide pollution into the atmosphere as a
 16 result of human activities.
 17 2. "Application for tax abatement" shall mean an application for a
 18 facility-integrated carbon-to-value equipment tax abatement pursuant to
 19 section four hundred ninety-eight-b of this title.
 20 3. "Carbon dioxide beneficial use" shall refer to a practice that
 21 involves the utilization of carbon dioxide in a process to manufacture a
 22 product or operate equipment that: (a) results in a net reduction in
 23 operational and/or embodied carbon dioxide at a facility or property;
 24 and (b) is verified by a life cycle assessment in compliance with Inter-
 25 national Standard ISO 14040.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08574-01-5

 A. 6221 2

 1 4. "Carbon dioxide capture" shall refer to the process of capturing
 2 carbon dioxide at emissions point sources located at facilities and
 3 buildings.
 4 5. "Carbon dioxide removal" shall refer to the process of removing
 5 carbon dioxide from the atmosphere.
 6 6. "Carbon dioxide storage" shall refer to the process of chemically
 7 and/or physically sequestering carbon dioxide emissions from post-indus-
 8 trial or atmospheric sources in materials, products or geological forma-
 9 tions for periods of time equal to or greater than one hundred years.
 10 7. "Compliance period" shall mean the tax year in which a tax abate-
 11 ment commences and the three tax years immediately thereafter. For
 12 eligible carbon-to-value applications placed in service at eligible
 13 buildings for which annual property tax liability for the eligible
 14 building is less than one hundred thousand dollars, and for which five
 15 percent of the eligible carbon-to-value equipment expenditures exceeds
 16 one hundred thousand dollars, the compliance period shall be extended to
 17 a maximum of eight tax years to allow eligible building owners to avail
 18 a tax abatement equal to the lesser of twenty percent of eligible
 19 carbon-to-value equipment expenditures, or eight hundred thousand
 20 dollars.
 21 8. "Designated agency" shall mean one or more agencies or departments
 22 of a city having a population of one million or more persons that are
 23 designated by the mayor of such city to exercise the functions, powers
 24 and duties of a designated agency pursuant to this title, including
 25 certification of eligible carbon-to-value equipment, applications and
 26 buildi