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Department of Taxation and Finance

New annual reporting requirement for electric generating facilities

2020 reporting requirement extended: In light of the COVID-19 health crisis, the deadline for submitting Form RP-575, Annual Report for Electric Generating Facilities is extended to June 30.

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.

Deadline

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.

Updated: