BILL NUMBER: S9895
SPONSOR: GRIFFO
 
TITLE OF BILL:
An act to amend the tax law, in relation to enacting the "grid resilien-
cy act"
 
PURPOSE: To prevent New York State from closing any power generation
facility before new facilities are operational and provide tax credits
to homeowners for the purchase of backup power systems in the event of
an outage.
 
SUMMARY OF PROVISIONS:
1. Section 1 states that major electric generation facility or plant may
be closed by the state unless a new major electric generatin g facility
that has the capacity to produce greater than or equal power has been
opened.
2. Section 2 states that no major electric generation facility or plant
may be closed by the state if it has been designated by the New York
Independent System Operators.
3. Section 3 amends Section 606 of the tax law by adding new subsection
bbbb to create a new tax credit for homeowners for the purchase of back-
up power systems.
4. Section 4 amends Section 606 of the tax law by adding new subsection
cccc to create a new tax credit for homeowners for the purchase of back-
up power systems.
5. Sets the effective date.
 
EXISTING LAW:
N/A
 
JUSTIFICATION:
As we move towards a clean energy future, we must protect the existing
reliability of the grid. As shown in the latest power trends report from
NYISO (New York Independent System Operator), grid capacity is a major
concern as we look forward. Too many power generati on facilities have
been taken offline before the renewable sources meant to replace them
have even been built. This is an irresponsible and dangerous approach to
energy security. With an increase in severe weather, New Yorkers are
also looking to backup power systems to keep their homes running when
the power goes out but are suffering from prohibitive costs to d o so.
 
LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS:
To be determined.
 
LOCAL FISCAL IMPLICATIONS:
To be determined.
 
EFFECTIVE DATE:
This act shall take effect immediately.

Statutes affected:
S9895: 606 tax law