Bill > S07390

This bill amends a previous law related to solar and wind energy project appraisals by specifically excluding existing solar or wind energy projects in Lewis County from certain appraisal models and discount rates established under section 575-b of the real property tax law. The bill provides protection for existing renewable energy projects in Lewis County, ensuring they will not be subject to new appraisal methods that could potentially change their assessed value. Additionally, the bill clarifies that no assessing unit will be held liable for not using the specified appraisal model in 2022, and it gives the commissioner of taxation and finance the authority to readopt 2022 appraisal models and discount rates for use in 2023 without additional consultation or public comment. The legislation takes effect immediately and is retroactively applied to the effective date of the original part N of chapter 59 of the 2023 laws.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S7390