Annual reporting requirement for electric generating facilities
Beginning January 1, 2020, Real Property Tax Law §575-a establishes reporting requirements for owners of certain electric generating facilities (EGFs) in New York State. Owners of these facilities must file Form RP-575, Annual Report for Electric Generating Facilities, annually with our department.
We may use the information in the reports to develop appraisals for:
- determination of equalization rates, and
- sharing with local governments for their consideration in making property tax assessments.
Who must file
Owners of single EGFs (or multiple EGFs located on the same site) located in New York State with nameplate capacity of one megawatt (MW) or more must file Form RP-575.
Note: EGFs located in New York City that file Real Property Income and Expense (RPIE) statements with the New York City Department of Finance are not required to file Form RP-575.
Owners of qualifying EGFs must file Form RP-575 with us by April 30 each year.
Penalty for failure to file
If Form RP-575 is not filed timely, Real Property Tax Law §575-a imposes the following fines:
- up to $10,000 for every failure to file, plus
- up to $1,000 for every day the failure to file continues.
For more information
For detailed instructions, see Form RP-575-I, Instructions for Form RP-575.