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Bill > S07442


NY S07442

NY S07442
Enacts the "omnibus renewable energy progress act"; requires state operations to use one hundred percent renewable electricity by two thousand thirty (Part A); exempts payment in lieu of taxes revenue from property tax cap calculations (Part B); requires the office of renewable energy siting to develop a procedure to process any financial security or letter of credit required by the office (Part C); relates to the recycling of solar photovoltaic panels (Part D); directs the New York power author


summary

Introduced
05/25/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the public buildings law, the education law, and the public authorities law, in relation to requiring state operations to use one hundred percent renewable electricity by two thousand thirty (Part A); to amend the general municipal law and the education law, in relation to exempting payment in lieu of taxes revenue from property tax cap calculations (Part B); to amend the executive law, in relation to requiring the office of renewable energy siting to develop a procedure to process any financial security or letter of credit required by the office (Part C); to amend the public authorities law, the tax law and the economic development law, in relation to the recycling of solar photovoltaic panels (Part D); to amend Part JJJ of chapter 58 of the laws of 2020, amending the public service law and other laws relating to accelerating the growth of renewable energy facilities to meet critical state energy policy goals, in relation to directing the New York power authority to propose a minimum of four priority transmission projects to address the areas of highest need on the bulk transmission system (Part E); to amend the environmental conservation law, in relation to the endangered and threatened species mitigation bank fund (Part F); to amend the public service law, in relation to exempting renewable energy systems from certain requirements related to energy facilities (Part G); to ensure the safe and efficient delivery of materials for the timely construction of major renewable energy facilities in furtherance of the goals mandated by the New York state climate leadership and community protection act (Part H); to amend the agriculture and markets law, in relation to defining land used in agricultural production for the purposes of an agricultural property tax exemption (Part I); to amend the environmental conservation law and the public service law, in relation to updating climate law goals for energy storage and renewable generation (Part J); to amend the tax law, in relation to establishing a sales tax exemption for energy storage (Part K); to amend the tax law, in relation to residential solar tax credits (Part L); and to amend the energy law, in relation to enacting the "solar for all homes and businesses act of 2023" (Part M)

AI Summary

This bill, the "omnibus renewable energy progress act", enacts several major components to help New York meet its climate and renewable energy goals: Part A requires state operations, state university buildings, and the power authority to use 100% renewable electricity by 2030. It also directs the power authority to install 1 gigawatt of battery storage by 2030. Part B exempts payments in lieu of taxes from renewable energy projects from local property tax cap calculations, giving local governments more flexibility to benefit from increased tax revenue. Part C requires the Office of Renewable Energy Siting to develop a procedure to process any financial security or letter of credit required for renewable energy projects. Part D directs the power authority to study the recycling and reuse of solar photovoltaic panels, including making recommendations for a statewide program. Part E directs the power authority to propose at least 4 priority transmission projects to address areas of highest need on the bulk transmission system. The bill also includes provisions related to endangered species mitigation (Part F), exempting renewable energy systems from certain energy facility requirements (Part G), facilitating transportation of materials for renewable energy projects (Part H), defining agricultural land use for tax exemptions (Part I), updating climate law goals (Part J), establishing sales tax exemptions for energy storage (Part K), expanding residential solar tax credits (Part L), and requiring new buildings to accommodate solar energy systems (Part M).

Committee Categories

Government Affairs

Sponsors (1)

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 01/03/2024)

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