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Capital Region s biggest commercial real estate deals of the past decade

Capital Region s biggest commercial real estate deals of the past decade
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April 30 Deadline for Annual Report for Electric-Generating Facilities Approaching (And so are Changes to the New York Tax Rules for Renewable Projects) | Hodgson Russ LLP

To embed, copy and paste the code into your website or blog: For the renewable energy industry, the focus this New York budget season has been on the potential adoption of a defined methodology for real property taxation of wind and solar projects, hopefully bringing some uniformity and certainty to project valuation.  Anticipating that effort, last year, the Legislature created an annual reporting requirement for electric-generating facilities.  As of January 1, 2020, owners of single electric-generating facilities or multiple electric-generating facilities located on the same New York site with nameplate capacity of one megawatt or greater must file an Annual Report, formally known as Form RP-575, with the State Department of Taxation and Finance Office of Real Property Tax Services (ORPTS).[1]  Last year, due to the onset of the COVID-19 pandemic, the deadline to submit the report was extended from April 30 to June 30.  This year, however, ORPTS confirmed by telephone that th

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