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A 42 New York Assembly · 2025 Regular Session

Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals

Summary
Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals; provides that such exemption shall remain in effect until it is retired or removed from service.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for climate-related utility property, offering tax relief aligned with fiscal strategy for climate goals.95% confidence ✓ EnergySupports EnergyTax exemption for climate-focused energy infrastructure incentivizes renewable investment, directly advancing state climate goals through financial support for clean energy utilities.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption for climate-focused energy utilities directly incentivizes clean energy infrastructure to meet state climate goals, promoting environmental protection.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action May 21, 2026
Maddy AI version diff · 1 comparison

What changed between versions

A42 → A42A · 2 edits
MINOR
The bill was amended to explicitly exclude school district tax levies from the property tax exemption for energy-related public utility real property. This change ensures that while utilities receive relief from general property taxes for climate projects, they must still pay taxes to fund local schools.
Scope change
The scope of the tax exemption was narrowed by adding a specific exception for school district tax levies, which were previously exempt without this explicit carve-out.
ELIGIBILITY

The exemption for energy-related public utility real property now explicitly excludes school district tax levies, meaning these properties are no longer fully exempt from all taxes.

The same exclusion for school district tax levies was applied to the specific exemption for pre-2025 assets that gain value due to new climate projects.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
2
Amendments
2
May 21, 2026
Lower · Passed
PRINT NUMBER 42A
lower
May 21, 2026
Lower · Passed
AMEND AND RECOMMIT TO REAL PROPERTY TAXATION
lower
Jan 7, 2026
Committee
REFERRED TO REAL PROPERTY TAXATION
lower
Jan 8, 2025
Committee
REFERRED TO REAL PROPERTY TAXATION
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Chris Burdick
Chris Burdick
DDemocratic/Independence/Working Families
NY
93