S T A T E O F N E W Y O R K
________________________________________________________________________
357
2009-2010 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 7, 2009
___________
Introduced by M. of A. MAGNARELLI, HOYT, GUNTHER, CHRISTENSEN, DelMONTE,
PEOPLES, KOON, LUPARDO, STIRPE -- Multi-Sponsored by -- M. of A.
HIKIND, KELLNER, LATIMER -- 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 cities 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:
S 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY CITY WITH A
POPULATION OF LESS THAN ONE MILLION AND A POPULATION OF FORTY THOUSAND
OR MORE AND IN WHICH THE TOTAL AMOUNT OF TAX EXEMPT PROPERTY REPRESENTS
MORE THAN THIRTY-FIVE PERCENT, BY VALUE, OF THE TOTAL AMOUNT OF PROPERTY
IN SUCH CITY, THE STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRI-
ATION, AS FOLLOWS:
1. FIFTY PERCENT OF SUCH SUM SHALL BE PAID TO EACH ELIGIBLE CITY IN
PROPORTION TO SUCH CITY'S POPULATION RELATIVE TO THE POPULATION OF ALL
ELIGIBLE CITIES; AND
2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE OF TAX
EXEMPT PROPERTY IN EACH ELIGIBLE CITY AS A PERCENTAGE OF THE VALUE OF
ALL TAX EXEMPT PROPERTY IN ALL ELIGIBLE CITIES.
S 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.
LBD00615-01-9