Assembly Bill A9137

2009-2010 Legislative Session

Provides for state reimbursement for lost tax revenue due to devaluation of land as a result of toxic contamination

download bill text pdf

Sponsored By

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

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2009-A9137 (ACTIVE) - Details

See Senate Version of this Bill:
S4210
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Add §54-m, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: A5504, S2502
2013-2014: A4077
2015-2016: A4810
2017-2018: A1837

2009-A9137 (ACTIVE) - Summary

Provides for state reimbursement for lost tax revenue due to devaluation of land as a result of toxic contamination.

2009-A9137 (ACTIVE) - Sponsor Memo

2009-A9137 (ACTIVE) - Bill Text download pdf 

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

                                  9137

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            September 4, 2009
                               ___________

Introduced by M. of A. GORDON -- read once and referred to the Committee
  on Ways and Means

AN  ACT  to  amend the state finance law, in relation to providing state
  reimbursement for lost tax revenue due to devaluation of land  subject
  to toxic contamination

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

  Section 1. The state finance law is amended by adding  a  new  section
54-m to read as follows:
  S 54-M. REIMBURSEMENT FOR LOST TAX REVENUE DUE TO TOXIC CONTAMINATION.
1. AS USED IN THIS SECTION, "MUNICIPALITY" SHALL MEAN ANY CITY, VILLAGE,
TOWN OR FIRE DISTRICT LOCATED IN THE COUNTY OF RENSSELAER.
  2.  ANY MUNICIPALITY SUBJECT TO CONTAMINATION EITHER DIRECTLY OR INDI-
RECTLY FROM THE STATE HAZARDOUS WASTE SITE KNOWN AS  THE  DEWEY  LOEFFEL
LANDFILL,  THAT  HAS REDUCED ITS TAX LEVY ON PROPERTIES AFFECTED BY SUCH
HAZARDOUS WASTE SITE, SHALL BE ELIGIBLE FOR REIMBURSEMENT OF  SUCH  LOST
TAX REVENUE BY THE STATE. FOR PURPOSES OF THIS SECTION, "LOST TAX REVEN-
UE"  SHALL MEAN THE DIFFERENCE BETWEEN THE ACTUAL VALUATION OF SUCH REAL
PROPERTY AND THE REDUCED ASSESSED VALUE DUE TO CONTAMINATION  AS  CERTI-
FIED BY THE CHIEF FISCAL OFFICER OF THE MUNICIPALITY IN WHICH SUCH PROP-
ERTIES ARE LOCATED.
  3.  SUCH  REIMBURSEMENT  SHALL  BE  MADE  ANNUALLY TO THE MUNICIPALITY
FOLLOWING APPLICATION BY THE CHIEF FISCAL OFFICER OF THE MUNICIPALITY TO
THE COMPTROLLER IN A MANNER APPROVED AND PRESCRIBED BY THE COMPTROLLER.
  4. SUCH SYSTEM OF REIMBURSEMENT SHALL CONTINUE UNTIL SUCH TIME AS  THE
DEWEY  LOEFFEL  LANDFILL  HAS  BEEN  REMOVED FROM THE INVENTORY OF STATE
HAZARDOUS WASTE SITES.
  S 2. This act shall take effect on the first of April next  succeeding
the date on which it shall have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10739-01-9

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