Clean-Energy Advocates Call for Standardized Tax Assessment
Public News Service
ALBANY, N.Y. — A new report showed standardizing property tax assessment for renewable-energy projects would create tens of thousands of jobs and billions in revenue.
The report, released by the Alliance for Clean Energy New York and the New York Solar Energy Industry Association (NYSEIA), said tax standardization proposed in the state budget would increase local tax revenue by speeding up the process of getting renewable-energy projects to construction.
Shyam Mehta, executive director for NYSEIA, said it would bring an increase of up to $348 million from payments in lieu of taxes to local governments across the state over the lifetimes of the projects.
"In addition to that, significant secondary benefits from increases in revenue from job creation as well as business sales," Mehta asserted.
He contended standardization could generate more than 20,000 jobs and increase business sales by up to $11.6 billion dollars.