Bill > A09149

This bill amends the general municipal law to exclude payments in lieu of taxes (PILOTs) received from renewable energy projects when local governments calculate their annual tax levy limit. Specifically, the bill defines a "renewable energy project" as a project for generating, distributing, or consuming renewable energy, as defined in section 60-p of the public service law. By excluding these PILOT payments from the tax levy limit calculation, local governments will have more flexibility in their budgeting and can potentially generate additional revenue from renewable energy projects without being constrained by existing tax cap restrictions. This change could incentivize local governments to support renewable energy development by allowing them to benefit financially from such projects without negatively impacting their overall tax levy calculations. The bill will take effect immediately upon enactment.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A9149