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New YorkS 80122025-2026 Regular SessionSenateWALLET

Relates to the assessment of solar or wind energy systems

Sponsored By: Pete Harckham (Democratic)

Became Law

LOCAL GOVERNMENTWAYS AND MEANS

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Lower assessed values for solar and wind

The law changes how assessors value solar and wind projects. It counts host community benefit payments, decommissioning costs, and community solar subscriber management costs as expenses. It also treats federal investment and production tax credits and renewable energy credits as intangible assets, not project revenue. These changes lower the income used in valuations and usually lower assessed value and property taxes for project owners.

Assessors protected when using 2025 model

Assessing units that use the state’s 2025 valuation model, or agree to use it to settle an Article 7 assessment case, cannot be ordered to pay costs under Real Property Tax Law section 722. This protects local assessors who adopt the 2025 model. It is a procedural change and does not directly change most taxpayers’ bills.

Regional appraisal rules for solar and wind

The Department of Taxation and Finance, working with the New York State Assessors Association, now sets a state appraisal model and discount rate that can reflect regional costs and market pressures. Assessors can use regional assumptions when valuing solar and wind projects. Depending on local conditions, this can raise or lower assessed values and change tax bills for project owners.

Sponsors & Cosponsors

Sponsor

  • Pete Harckham

    Democratic • Senate

Cosponsors

  • Robert Jackson

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 60 • No: 17

committee vote • 6/10/2025

Rules Committee Vote

Yes: 17 • No: 2

Senate vote • 6/10/2025

FLOOR Vote

Yes: 43 • No: 15

Actions Timeline

  1. SIGNED CHAP.575

    12/3/2025Senate

  2. DELIVERED TO GOVERNOR

    12/1/2025Senate

  3. RETURNED TO SENATE

    6/16/2025House

  4. PASSED ASSEMBLY

    6/16/2025House

  5. ORDERED TO THIRD READING RULES CAL.467

    6/16/2025House

  6. SUBSTITUTED FOR A8332

    6/16/2025House

  7. REFERRED TO WAYS AND MEANS

    6/10/2025House

  8. DELIVERED TO ASSEMBLY

    6/10/2025Senate

  9. PASSED SENATE

    6/10/2025Senate

  10. ORDERED TO THIRD READING CAL.1779

    6/10/2025Senate

  11. COMMITTEE DISCHARGED AND COMMITTED TO RULES

    6/10/2025Senate

  12. REFERRED TO LOCAL GOVERNMENT

    5/15/2025Senate

Bill Text

  • Original

    5/15/2025

    PDF

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