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S 2475 New York Senate · 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-focused energy utilities, reducing tax revenue to support state climate goals through targeted fiscal policy.95% confidence ✓ EnergySupports EnergyTax exemption for climate-related utility property directly advances renewable energy infrastructure by reducing costs for clean energy projects aligned with state climate goals.95% confidence ✓ EnvironmentSupports EnvironmentTax exemption incentivizes climate-focused utility infrastructure, directly advancing state climate goals through clean energy investment.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025 Last action May 20, 2026
Maddy AI version diff · 1 comparison

What changed between versions

S2475 → S2475A · 3 edits
MINOR
The bill was amended to clarify its legislative status and significantly modify the tax exemption rules for energy-related public utility real property. The most critical change is the addition of an exception for school district tax levies, meaning these properties will no longer be exempt from taxes collected by local school districts. Additionally, the order of sections was rearranged to place the tax benefit clause for existing assets before the general effective date clause.
Scope change
The scope of the tax exemption was narrowed by explicitly excluding school district tax levies from the exemption, whereas the original text exempted all special ad valorem levies and special assessments.
ELIGIBILITY

The tax exemption for energy-related public utility real property was modified to explicitly exclude school district tax levies, reducing the total tax savings for qualifying properties.

REQUIREMENT

The text regarding the treatment of existing assets (those owned before 2025) was moved to appear before the general effective date clause, altering the document's structure but not the substantive rule.

TECHNICAL

The bill's title and committee status were updated to reflect that it has been reported favorably by the Energy and Telecommunications committee and recommitted to the Local Government committee.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
4
Amendments
2
May 20, 2026
Upper · Passed
PRINT NUMBER 2475A
upper
May 20, 2026
Upper · Passed
AMEND AND RECOMMIT TO LOCAL GOVERNMENT
upper
Feb 24, 2026
Committee
REPORTED AND COMMITTED TO LOCAL GOVERNMENT
upper
Jan 7, 2026
Committee
REFERRED TO ENERGY AND TELECOMMUNICATIONS
upper
May 13, 2025
Committee
REPORTED AND COMMITTED TO LOCAL GOVERNMENT
upper
Jan 21, 2025
Committee
REFERRED TO ENERGY AND TELECOMMUNICATIONS
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Kevin Parker
Kevin Parker
DDemocratic/Working Families
NY
21