Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings

Showing the cosponsors who are on Agora, A to Z. The official record may list more.

• Democratic3

Shown in neutral colors by design; Agora is non-partisan.

◆ The sponsor's argument

Why Brian Kavanagh says this is needed

In June 2023 the legislature passed and in September 2023 the Governor signed into law bill A6113B, which extended and strengthened the exist- ing incentive programs to encourage the installation of solar electric generating systems and energy storage systems, in connection with class one, class two and class four properties in New York City. The program while enabled by the State is administered and paid for by the City. This bill would allow not-for-profit owned properties such as houses of worship and various affordable housing properties in New York City that already pay no or reduced property taxes to benefit from a direct-pay credit structured in accordance with the property-tax abatement avail- able to other properties. This legislation is consistent with the commitments of New York State in the Climate Leadership and Community Protection Act (CLCPA) and the City of New York through Local Law 97 to reduce greenhouse gas emission reduction and to provide cleaner, more reliable power for every New Yorker. By enabling properties that provide affordable housing including low-income housing to be eligible for the same benefit as other properties this legislation will also help meet environmental justice and equity goals. LEGISLATE HISTORY: 2025: 54272 (Kavanagh) - Reported and Committed to Energy and Telecommu- nications A5959 (Carroll) - Referred to Real Property Taxation

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.