§ 499-AAAA — Definitions

§ 499-aaaa. Definitions. When used in this title, the following terms\nshall have the following meanings:\n 1. "Applicant" shall mean (a) with respect to an eligible building\nheld in the cooperative or condominium form of ownership, the board of\nmanagers of a condominium or the board of directors of a cooperative\napartment corporation, or (b) with respect to any other eligible\nbuilding, the owner of such building.\n 2. "Application for tax abatement" shall mean an application for a\nsolar electric generating system and/or electric energy storage\nequipment tax abatement pursuant to section four hundred\nninety-nine-cccc of this title.\n 3. "Architect" shall mean a person licensed and registered to practice\nthe profession of architecture under the education law.\n 4. "Compliance period" shall mean the tax year in which a tax\nabatement commences and the three tax years immediately thereafter.\n 5. "Department of finance" shall mean the department of finance of a\ncity having a population of one million or more persons.\n 6. "Designated agency" shall mean one or more agencies or departments\nof a city having a population of one million or more persons that are\ndesignated by the mayor of such city to exercise the functions, powers\nand duties of a designated agency pursuant to this title.\n 7. "Eligible building" shall mean a class one, class two or class four\nreal property, as defined in subdivision one of section eighteen hundred\ntwo of this chapter, located within a city having a population of one\nmillion or more persons. No building shall be eligible for more than one\ntax abatement pursuant to this title prior to January first, two\nthousand twenty-four.\n 8. "Eligible solar electric generating system expenditures" and\n"eligible electric energy storage equipment expenditures" shall mean\nreasonable expenditures for materials, labor costs properly allocable to\non-site preparation, assembly and original installation, architectural\nand engineering services, and designs and plans directly related to the\nconstruction or installation of a solar electric generating system\nand/or electric energy storage equipment installed in connection with an\neligible building. Solar parking canopy structures shall be considered a\nsolar electric generating system for the purposes of this subdivision.\nSuch eligible expenditures shall not include interest or other finance\ncharges, or any expenditures incurred using a federal, state or local\ngrant.\n 9. "Engineer" shall mean a person licensed and registered to practice\nthe profession of engineering under the education law.\n 10. "Solar electric generating system" shall mean a system that uses\nsolar energy to generate electricity. Such system shall not include any\nequipment connected to a solar electric generating system that is a\ncomponent of part or parts of a non-solar electric generating system or\nthat uses any sort of recreational facility or equipment as a storage\nmedium.\n 11. "Electric energy storage equipment" means a set of technologies\ncapable of storing electric energy and releasing that energy as electric\npower at a later time. Electric energy storage technologies may store\nenergy as potential, kinetic, chemical or thermal energy that can be\nreleased as electric power, and include, but are not limited to, various\ntypes of batteries, flywheels, electrochemical capacitors, compressed\nair storage and thermal storage devices.\n