What NY Tax Ruling Means For Solar Power Developers
Law360 (September 15, 2020, 3:26 PM EDT) -- On Aug. 20, the New York State Supreme Court, Appellate Division, Fourth Department, issued a decision in Cornell University v. Board of Assessment Review, finding that a solar photovoltaic system is taxable real property. This decision settled, at least in the Fourth Department, a real property tax question long considered — and feared — by solar developers.
Although the decision has the potential for significant impacts on solar development projects throughout New York state, it may be possible to mitigate the financial impact of this tax burden with careful planning and mindful project decisions.
New York State Real Property Tax Law Section...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!