senate Bill S3529

Relates to taxation of designated electric generating facilities located in the county of Rockland; and provides for the repeal of such provisions upon expiration thereof

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 05 / Feb / 2013
    • REFERRED TO LOCAL GOVERNMENT
  • 08 / Jan / 2014
    • REFERRED TO LOCAL GOVERNMENT

Summary

Relates to taxation of a designated electric generating facility located in the town of Haverstraw.

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Bill Details

See Assembly Version of this Bill:
A1323
Versions:
S3529
Legislative Cycle:
2013-2014
Current Committee:
Senate Local Government
Law Section:
Real Property Taxation
Versions Introduced in Previous Legislative Cycles:
2011-2012: A5122, A5122A, S3235A, S5122A, A5122A
2009-2010: A1964
2007-2008: A3740

Sponsor Memo

BILL NUMBER:S3529

TITLE OF BILL: An act to provide for the taxation of certain real prop-
erty in the county of Rockland and providing for the repeal of such
provisions upon expiration thereof

PURPOSE: This bill will provide for a ten year phase-in of a shift of
non-homestead tax share due to a court ordered assessment reduction for
any designated electric generating facility in the County of Rockland.

SUMMARY OF PROVISIONS:

Section 1: This bill will provide for a ten year phase-in of a shift of
non-homestead tax share due to a court ordered assessment reduction for
any designated electric generating facility in the County of Rockland.

Section 2: Effective Date.

JUSTIFICATION: Historically, court ordered assessment reductions for
electric generating facilities have resulted in a significant shifting
of the tax burden from the non-homestead class to the homestead (resi-
dential) class which negatively impacts on the cost of home ownership.
This bill seeks to reduce the volatile impact of such a burden shift by
creating an orderly phased transition of such tax share shift over ten
years, commencing with the first final municipal assessment roll
prepared subsequent to such final court order.

LEGISLATIVE HISTORY: A.5122A of 2011-12/S.3235-A

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: Immediate.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3529

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 5, 2013
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to provide for the taxation of certain real property in the coun-
  ty of Rockland and providing for the repeal of  such  provisions  upon
  expiration thereof

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any provision of law to  the  contrary,  if
there  is a court-ordered assessment reduction of an electric generating
facility in the town of Haverstraw on or after July 1, 2012, when  levy-
ing  taxes  for  town,  county, school and village purposes, pursuant to
article 19 of the real property tax law upon the assessment roll of  the
town  of  Haverstraw, the non-homestead class shall be deemed to consist
of two subclasses, one containing electric generating facilities and the
other containing all other non-homestead property. For the fiscal  years
commencing after such reduction, the non-homestead class tax share shall
be allocated between these two subclasses so as to preserve the distrib-
ution between the two subclasses that existed when taxes were levied the
fiscal  year prior to such court ordered reduction of said town, subject
to adjustments for any physical changes,  provided  that  such  subclass
share  distribution  shall  be annually adjusted so as to phase out such
preservation over the subsequent 10 year period.
  S 2. This act shall take effect immediately and shall  expire  and  be
deemed repealed June 30, 2030.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00361-01-3

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