N.Y. Real Property Tax Law § 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 and/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 prior to January first, two

thousand twenty-four.

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

and/or electric energy storage equipment installed in connection with an

eligible building. Solar parking canopy structures shall be considered a

solar electric generating system for the purposes of this subdivision.

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.