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S 4272 New York Senate · 2025 Regular Session

Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings

Summary
Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings; provides such eligible properties shall include: 501(c)(3) corporations, associations, organizations or trusts and income-restricted affordable housing properties.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides direct tax abatement credits for solar/energy systems on affordable housing and nonprofits, reducing tax burden for eligible entities.95% confidence ✓ EnergySupports EnergyProvides tax credits for solar and storage systems, directly promoting renewable energy adoption and clean energy infrastructure investment.95% confidence ✓ HousingSupports HousingBill explicitly includes income-restricted affordable housing properties in tax credit eligibility, providing financial support for energy systems on these properties.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025 Last action May 14, 2026
Maddy AI version diff · 1 comparison

What changed between versions

S4272 → S4272A · 3 edits
MINOR
The bill was amended to clarify that the direct-pay tax credit amount is calculated without considering the amount of taxes actually owed in that year. Additionally, the bill's procedural status was updated to reflect that it has been recommitted to the Committee on Cities for further review.
Scope change
The bill's scope regarding the calculation of the tax credit was clarified to ensure the credit value is not reduced by the amount of taxes payable.
ELIGIBILITY

The calculation for the direct-pay tax credit now explicitly excludes the amount of taxes payable in the tax year, ensuring the credit value is based solely on the abatement amount.

TECHNICAL

The bill's title was updated from S 4272 to S 4272--A to reflect its amended status.

The committee assignment was updated to show the bill was recommitted to the Committee on Cities following committee discharge and amendment.

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 14, 2026
Committee
REPORTED AND COMMITTED TO ENERGY AND TELECOMMUNICATIONS
upper
May 7, 2026
Upper · Passed
PRINT NUMBER 4272A
upper
May 7, 2026
Upper · Passed
AMEND AND RECOMMIT TO CITIES 1
upper
Jan 7, 2026
Committee
REFERRED TO CITIES 1
upper
May 20, 2025
Committee
REPORTED AND COMMITTED TO ENERGY AND TELECOMMUNICATIONS
upper
Feb 3, 2025
Committee
REFERRED TO CITIES 1
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian Kavanagh
Brian Kavanagh
DDemocratic
NY
27
Co
Photo of Cordell Cleare
Cordell Cleare
DDemocratic
NY
30
Co
Photo of Julia Salazar
Julia Salazar
DDemocratic/Working Families
NY
18