S 4126: Provides a period of probable usefulness for the acquisition, construction or reconstruction of or addition to a solar array or solar panel system, whether or not including buildings, land or rights in land, original furnishings, equipment, machinery or apparatus, or the replacement of such equipment, machinery or apparatus.

  
  STATE OF NEW YORK ________________________________________________________________________ 4126 2025-2026 Regular Sessions  IN SENATE February 3, 2025 ___________ Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the local finance law, in relation to providing a period of probable usefulness for solar arrays and panels The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph a of section 11.00 of the local finance law is 2 amended by adding a new subdivision 111 to read as follows: 3 111. Solar arrays and panels. The acquisition, construction or recon- 4 struction of or addition to a solar array or solar panel system, whether 5 or not including buildings, land or rights in land, original 6 furnishings, equipment, machinery or apparatus, or the replacement of 7 such equipment, machinery or apparatus, twenty-five years. 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08563-01-5