Vote Smart's Synopsis:

Vote to pass a bill that amends the valuation of renewable energy in New York.

Highlights:

• Expands expenses to include community benefit payments, expenses associated with the decommissioning of solar and wind energy systems, and solar subscriber management costs (Sec. 1).

• Defines federal investment and production tax credits as intangible assets and exempts them from the calculation of revenue streams (Sec. 1).

• Exempts assessing units from basing valuations off the department’s model from certain existing costs (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that amends the valuation of renewable energy in New York.

Highlights:

• Expands expenses to include community benefit payments, expenses associated with the decommissioning of solar and wind energy systems, and solar subscriber management costs (Sec. 1).

• Defines federal investment and production tax credits as intangible assets and exempts them from the calculation of revenue streams (Sec. 1).

• Exempts assessing units from basing valuations off the department’s model from certain existing costs (Sec. 1).

Full Bill Text