« Return to search form

Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNew York
Effected JurisdictionNew York City
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameSolar Electric Generating System (SEGS) Abatement Programs
Program purpose: Energy production
Statutory authority: New York State Real Property Tax Law: Title 4C (499 aaaa - 499 gggg) parcel
Abating jurisdiction(s): City of New York
Applicable taxesReal Property Tax
Method of abatement: Reduction of assessed value; Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $24,300,000
Reimbursement / offset: $0
Net revenue loss: $24,300,000
Type of loss: Active
Additional notes on dislosure(none)