Assembly Bill A4303

2023-2024 Legislative Session

Provides for state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property

download bill text pdf

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Current 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

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2023-A4303 (ACTIVE) - Details

See Senate Version of this Bill:
S7283
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §532-a, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A790
2011-2012: A425
2013-2014: A1079
2015-2016: A1026
2017-2018: A732
2019-2020: A2089
2021-2022: A5219

2023-A4303 (ACTIVE) - Summary

Provides for state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property.

2023-A4303 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4303
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2023
                                ___________
 
 Introduced by M. of A. GUNTHER, BARRETT, LUPARDO, SANTABARBARA, BLANKEN-
   BUSH,  BARCLAY,  BRABENEC,  LEMONDES  -- read once and referred to the
   Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to state aid  for
   certain  towns  adversely  affected  by  a concentration of tax exempt
   property

   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 532-a to read as follows:
   § 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY  CITY,  TOWN,
 VILLAGE OR FIRE DISTRICT IN WHICH THE TOTAL AMOUNT OF TAX EXEMPT PROPER-
 TY  REPRESENTS  MORE  THAN  THIRTY-FIVE  PERCENT, BY VALUE, OF THE TOTAL
 AMOUNT OF PROPERTY IN SUCH CITY, TOWN, VILLAGE  OR  FIRE  DISTRICT,  THE
 STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRIATION, AS FOLLOWS:
   1.  FIFTY  PERCENT  OF  SUCH  SUM SHALL BE PAID TO EACH ELIGIBLE CITY,
 TOWN, VILLAGE OR FIRE DISTRICT IN PROPORTION TO SUCH ENTITY'S POPULATION
 RELATIVE TO THE POPULATION OF ALL SUCH ELIGIBLE ENTITIES; AND
   2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE  OF  TAX
 EXEMPT PROPERTY IN EACH ELIGIBLE CITY, TOWN, VILLAGE OR FIRE DISTRICT AS
 A  PERCENTAGE OF THE VALUE OF ALL TAX EXEMPT PROPERTY IN ALL SUCH ELIGI-
 BLE ENTITIES.
   § 2. This act shall take effect immediately and shall apply to assess-
 ment rolls prepared on the basis of taxable status  dates  occurring  on
 and after the date on which this act shall have become a law.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09051-01-3

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