NY Real Prop Tax L § 499-AAAA (2021)
2021 New York Laws RPT - Real Property Tax Article 4 - Exemptions Title 4-C - Solar Electric Generating System and Electric Energy Storage Equipment Tax Abatement for Certain Properties in a City of One Million or More Persons 499-AAAA - Definitions.

§  499-aaaa. Definitions. When used in this title, the following terms   shall have the following meanings:1. "Applicant" shall mean (a) with respect  to  an  eligible  building   held  in  the cooperative or condominium form of ownership, the board of   managers of a condominium or the board of  directors  of  a  cooperative   apartment  corporation,  or  (b)  with  respect  to  any  other eligible   building, the owner of such building.2. "Application for tax abatement" shall mean  an  application  for  a   solar  electric  generating  system or electric energy storage equipment   tax abatement pursuant to section four hundred ninety-nine-cccc of  this   title.3. "Architect" shall mean a person licensed and registered to practice   the profession of architecture under the education law.4.  "Compliance  period"  shall  mean  the  tax  year  in  which a tax   abatement commences and the three tax years immediately thereafter.5. "Department of finance" shall mean the department of finance  of  a   city having a population of one million or more persons.6.  "Designated agency" shall mean one or more agencies or departments   of a city having a population of one million or more  persons  that  are   designated  by  the mayor of such city to exercise the functions, powers   and duties of a designated agency pursuant to this title.7. "Eligible building" shall mean a class one, class two or class four   real property, as defined in subdivision one of section eighteen hundred   two of this chapter, located within a city having a  population  of  one   million or more persons. No building shall be eligible for more than one   tax abatement pursuant to this title.8.  "Eligible  solar  electric  generating  system  expenditures"  and   "eligible electric energy storage  equipment  expenditures"  shall  mean   reasonable expenditures for materials, labor costs properly allocable to   on-site  preparation,  assembly and original installation, architectural   and engineering services, and designs and plans directly related to  the   construction  or  installation  of a solar electric generating system or   electric energy  storage  equipment  installed  in  connection  with  an   eligible building. Such eligible expenditures shall not include interest   or  other finance charges, or any expenditures incurred using a federal,   state or local grant.9. "Engineer" shall mean a person licensed and registered to  practice   the profession of engineering under the education law.10.  "Solar  electric generating system" shall mean a system that uses   solar energy to generate electricity. Such system shall not include  any   equipment  connected  to  a  solar  electric generating system that is a   component of part or parts of a non-solar electric generating system  or   that  uses  any  sort of recreational facility or equipment as a storage   medium.11. "Electric energy storage equipment" means a  set  of  technologies   capable of storing electric energy and releasing that energy as electric   power  at  a  later time. Electric energy storage technologies may store   energy as potential, kinetic, chemical or thermal  energy  that  can  be   released as electric power, and include, but are not limited to, various   types  of  batteries,  flywheels, electrochemical capacitors, compressed   air storage and thermal storage devices.