Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to local government |
Apr 08, 2013 |
referred to local government |
Senate Bill S4522
2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
2013-S4522 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add ยง546-a, RPT L
- Versions Introduced in 2015-2016 Legislative Session:
-
S3533
2013-S4522 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4522 TITLE OF BILL: An act to amend the real property tax law, in relation to providing state aid to certain public school districts in which tax exempt entities are situated; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL:: To provide compensation for lost property tax revenue for those public school districts in which 25 percent or more of the assessed value of real property is owned by tax exempt entities. SUMMARY OF SPECIFIC PROVISIONS:: Section 1 adds a new section 546-a to the real property tax law to provide additional state aid to public school districts in which 25 percent or more of the total assessed value of real property therein is owned by tax exempt entities. The State Comptroller is directed to create an application form the district must use, and establish the date by which all applications must be submitted. The Commissioner of the State Department of Education is directed to make payments, not to exceed $2.5 million each year in aggregate, to such district in compensation for lost revenue. In the event that the aggregate amount exceeds $2.5 million in any given year, such payments will be made on a proportional basis.
2013-S4522 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4522 2013-2014 Regular Sessions I N S E N A T E April 8, 2013 ___________ Introduced by Sen. TKACZYK -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to providing state aid to certain public school districts in which tax exempt enti- ties are situated; 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. The real property tax law is amended by adding a new section 546-a to read as follows: S 546-A. STATE AID; EXEMPT LANDS OF TAX EXEMPT ENTITIES. 1. IN ANY PUBLIC SCHOOL DISTRICT IN WHICH MORE THAN TWENTY-FIVE PERCENT OF THE TOTAL ASSESSED VALUE OF REAL PROPERTY THEREIN, AS DETERMINED BY THE ASSESSOR OF SUCH DISTRICT, IS OWNED BY TAX EXEMPT ENTITIES, THE STATE SHALL MAKE PAYMENTS TO THOSE PUBLIC SCHOOL DISTRICTS IN ACCORDANCE WITH THIS SECTION. 2. THE COMPTROLLER SHALL CREATE THE FORM OF APPLICATION A PUBLIC SCHOOL DISTRICT MUST USE WHEN MAKING A SUBMISSION PURSUANT TO THIS SECTION. THE COMPTROLLER SHALL ALSO ESTABLISH THE DATE BY WHICH ALL APPLICATIONS MUST BE SUBMITTED. NO APPLICATIONS FOR PAYMENT SHALL BE ACCEPTED AFTER THE DATE ESTABLISHED BY THE COMPTROLLER. 3. THE COMMISSIONER SHALL MAKE PAYMENTS, THE AGGREGATE OF WHICH SHALL NOT EXCEED TWO MILLION FIVE HUNDRED THOUSAND DOLLARS PER YEAR, TO PUBLIC SCHOOL DISTRICTS, ELIGIBLE PURSUANT TO SUBDIVISION ONE OF THIS SECTION, THAT HAVE MADE TIMELY APPLICATION THEREFOR. FOR EACH SUCH PUBLIC SCHOOL DISTRICT, THE PAYMENT SHALL BE COMPUTED AS FOLLOWS: (A) TAKE THE TOTAL VALUE OF REAL PROPERTY OWNED BY TAX EXEMPT ENTITIES IN THE PUBLIC SCHOOL DISTRICT MULTIPLIED BY THE APPLICABLE EQUALIZATION RATE, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10008-03-3 S. 4522 2
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