Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 17, 2010 |
referred to real property taxation |
Assembly Bill A10315
2009-2010 Legislative Session
Sponsored By
KOON
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Barbara Lifton
Daniel Burling
James Bacalles
2009-A10315 (ACTIVE) - Details
2009-A10315 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10315 TITLE OF BILL: An act to prohibit local assessors from increasing the assessed value of real property based on the stumpage value of the trees thereon and to establish the forestland taxation task force; and provid- ing for the repeal of such provisions upon the expiration thereof PURPOSE: This bill prohibits local assessors from increasing the assessed value of real property based on the stumpage value of the trees thereon and establishes the forestland taxation task force. SUMMARY OF PROVISIONS: This legislation prohibits local assessors from increasing the assessed value of real property based on the stumpage value of the trees thereon and establishes the forestland taxation task force. The task force shall examine, evaluate and make recommendations on assessment and taxation of private forest lands which are consistent with promoting sustainable forestry practices, encouraging private investment in working forests and maintaining open spaces. The task force shall issue a report with its recommendations to the Governor and the Legislature before April 30, 2010. JUSTIFICATION: Private forest owners who steward their land for forest uses provide great value and social contributions to the state's goals to promote open space, Escalating land and timber values, in addition to increasing municipal budgets, have left private forest landowners facing significant assessment and property tax increases. Revaluation of
2009-A10315 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10315 I N A S S E M B L Y March 17, 2010 ___________ Introduced by M. of A. KOON, LIFTON, BURLING, BACALLES -- read once and referred to the Committee on Real Property Taxation AN ACT to prohibit local assessors from increasing the assessed value of real property based on the stumpage value of the trees thereon and to establish the forestland taxation task force; and providing for the repeal of such provisions upon the expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature hereby finds and declares that in light of significant increases in real property taxes in many parts of the state, due to a variety of factors including but not limited to increases in market value of real property, growth in school and local spending, a declining commercial and industrial tax base, and assessment valuation practices which may not accurately reflect the actual value of timber, that now more than ever an increas- ing proportion of lands in the state devoted to the growth of forest crops are assessed at a level which renders the continued dedication to such use uneconomical. It is the purpose of this act to chart a path by which present and future forest lands may be protected and enhanced as a viable segment of the state's economy, and as an environmental resource. S 2. On and after January 1, 2010, no assessor of any local assessing unit shall increase that portion of the assessment of real property which pertains to the stumpage value of trees on any parcel of privately owned real property to which a stumpage value is assigned on the effec- tive date of this act, as determined from the assessment from the imme- diately preceding assessment roll. S 3. Commencing with the 2010 assessment roll, an assessor of any local assessing unit shall assign a value for trees upon any parcel of real property which does not bear a stumpage value immediately prior to the effective date of this act. S 4. The provisions of sections two and three of this act shall not apply to state owned land. S 5. As used in this act, "stumpage value" shall mean that portion of privately owned forestland which is in addition to the bare land value EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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