Senate BillIntroduced
S 7389: Requires 12.5% of profits generated from a solar or wind energy system to be paid to a taxing jurisdiction or land owner under certain agreements for the installation and use of such solar or wind energy system, in addition to other PILOT or other payments required under such agreement.
What S 7389 does, verified January 8, 2026
The proposed law requires a percentage of profits from solar or wind energy systems to be paid to the taxing jurisdiction or land owner under certain agreements. This percentage is set at twelve and one-half percent of the profits generated from the solar or wind energy system. The law applies to contracts and agreements entered into on or after the effective date, and includes provisions for both leasing agreements and payment in lieu of taxes.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO LOCAL GOVERNMENT (2026-01-07)Alert me
Quick answers about S 7389
- What is the current status of S 7389?
- As of January 8, 2026, S 7389 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO LOCAL GOVERNMENT".
- Did S 7389 pass?
- Not yet. S 7389 has been introduced and has not passed either house.
- Who wrote S 7389, and where is it now?
- S 7389 was authored by Sen. Mark Walczyk. Its committee of record is Senate Local Government.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO LOCAL GOVERNMENT |
| Apr. 14, 2025 | REFERRED TO LOCAL GOVERNMENT |
Latest bill textIntroduced version, April 14, 2025 · 372 words
STATE OF NEW YORK ________________________________________________________________________ 7389 2025-2026 Regular Sessions IN SENATE April 14, 2025 ___________ Introduced by Sen. WALCZYK -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law and the public service law, in relation to requiring a percentage of profits to be paid to a taxing jurisdiction or land owner under certain agreements for the installa- tion and use of solar or wind energy systems The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 9 of section 487 of the real property tax law 2 is amended by adding a new paragraph (d) to read as follows: 3 (d) Any payment in lieu of tax agreement executed under this subdivi- 4 sion shall include a provision that the taxing jurisdiction shall be 5 entitled to receive twelve and one-half percent of the profits generated 6 from the solar or wind energy system that is the subject of such agree- 7 ment, in addition to any payments in lieu of taxes otherwise required 8 under such agreement. 9 § 2. The public service law is amended by adding a new section 66-x to 10 read as follows: 11 § 66-x. Solar and wind land-lease agreements. Any agreement for the 12 lease of land for installation and use of a solar or wind energy system 13 shall include a provision that the owner of such land shall be entitled 14 to receive twelve and one-half percent of the profits generated from 15 such solar or wind energy system, in addition to any other payments 16 required under such lease agreement. For the purposes of this section, 17 the term "solar or wind energy system" shall have the same meaning as 18 defined by section four hundred eighty-seven of the real property tax 19 law. 20 § 3. This act shall take effect immediately and shall apply to 21 contracts and agreements entered into on or after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05491-01-5
Text of S 7389 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions