Form RP-487 Application for Tax Exemption of Solar, Wind, or Certain Other Energy Systems - New York

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Instructions for Form RP-487 Application for Tax Exemption From Solar, Wind, or Certain Other Energy Systems - New York

What Is Form RP-487?

This is a legal form that was released by the New York State Department of Taxation and Finance - a government authority operating within New York. Check the official instructions before completing and submitting the form.

FAQ

Q: What is Form RP-487?
A: Form RP-487 is an application for tax exemption of solar, wind, or certain other energy systems in New York.

Q: Who can use Form RP-487?
A: Form RP-487 can be used by individuals or businesses in New York who want to apply for tax exemption for their solar, wind, or certain other energy systems.

Q: What is the purpose of Form RP-487?
A: The purpose of Form RP-487 is to request tax exemption for qualifying energy systems in order to promote renewable energy production and usage in New York.

Q: What types of energy systems are eligible for tax exemption?
A: Solar, wind, and certain other energy systems that meet the eligibility criteria specified in the form are eligible for tax exemption.

Q: Are there any filing fees for Form RP-487?
A: No, there are no filing fees associated with Form RP-487.

Q: What supporting documents are required to be submitted with Form RP-487?
A: The specific supporting documents required may vary depending on the type of energy system being claimed. Refer to the instructions provided with the form for details.

Q: How long does it take to process Form RP-487?
A: The processing time for Form RP-487 may vary. You can contact the New York State Department of Taxation and Finance for more information on the processing timeline.

Q: What happens after Form RP-487 is approved?
A: Once Form RP-487 is approved and the tax exemption is granted, you may be eligible for certain tax benefits for your energy system according to the regulations in place.

Form Details:

Released on February 1, 2020;
The latest edition provided by the New York State Department of Taxation and Finance;
Easy to use and ready to print;
Quick to customize;
Compatible with most PDF-viewing applications;
Fill out the form in our online filing application.

Download a fillable version of Form RP-487 by clicking the link below or browse more documents and templates provided by the New York State Department of Taxation and Finance.