Senate Bill S690

2009-2010 Legislative Session

Authorizes state reimbursement to municipal corporations for tax revenue lost and expenses incurred as a result of the reduced assessment of forest land

download bill text pdf

Sponsored By

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

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2009-S690 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§480 & 480-a, RPT L
Versions Introduced in Other Legislative Sessions:
2011-2012: S1491
2013-2014: S1004
2015-2016: S820
2017-2018: S2043

2009-S690 (ACTIVE) - Summary

Authorizes a procedure whereby the chief executive officer of a municipal corporation in which there is located privately owned forest lands which are exempt from real property taxes to make application to the state for reimbursement for revenues lost as a result of such exemption.

2009-S690 (ACTIVE) - Sponsor Memo

2009-S690 (ACTIVE) - Bill Text download pdf

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

                                   690

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            January 12, 2009
                               ___________

Introduced  by  Sens.  LITTLE, BONACIC, SEWARD -- 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 the assessment
  of  private  forest lands and to provide state assistance to municipal
  corporations relating thereto

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

  Section  1.  Section  480  of  the real property tax law is amended by
adding a new subdivision 10 to read as follows:
  10. (A) THE CHIEF EXECUTIVE OFFICER  OF  A  MUNICIPAL  CORPORATION  IN
WHICH  THERE  ARE  PRIVATELY  OWNED  FOREST  LANDS WHICH ARE ASSESSED IN
ACCORDANCE WITH THE PROVISIONS OF SUBDIVISION THREE OF THIS SECTION  MAY
MAKE APPLICATION FOR STATE ASSISTANCE AS PROVIDED IN THIS SUBDIVISION.
  (B)  APPLICATION  FOR  STATE  ASSISTANCE  PURSUANT TO THIS SUBDIVISION
SHALL BE MADE ON A FORM PRESCRIBED BY THE STATE BOARD AND SHALL  CONTAIN
SUCH INFORMATION AND DOCUMENTATION AS MAY BE REQUIRED BY THE STATE BOARD
AND  THE  STATE  BOARD MAY PROMULGATE RULES AND REGULATIONS NECESSARY TO
THE IMPLEMENTATION OF THIS SUBDIVISION.
  (C) UPON RECEIPT OF THE APPLICATION FOR STATE ASSISTANCE, SUCH PRIVATE
FOREST LANDS SHALL BE VALUED BY THE STATE BOARD AND THE CUMULATIVE VALUE
OF ALL SUCH LANDS SHALL BE EQUALIZED BY APPLYING THERETO THE APPROPRIATE
STATE EQUALIZATION RATE OR  SPECIAL  EQUALIZATION  RATE  ESTABLISHED  IN
ACCORDANCE WITH THE RULES OF THE STATE BOARD.
  (D) IF THE CUMULATIVE VALUE DETERMINED AND EQUALIZED PURSUANT TO PARA-
GRAPH  (C) OF THIS SUBDIVISION EXCEEDS THE TAXABLE ASSESSED VALUATION OF
SUCH PROPERTY ON THE PRECEDING ASSESSMENT ROLL, AS REQUIRED BY  SUBDIVI-
SION  THREE  OF THIS SECTION THE STATE BOARD SHALL COMPUTE THE AMOUNT OF
STATE ASSISTANCE PAYABLE TO OR FOR THE BENEFIT OF EACH MUNICIPAL  CORPO-
RATION  BY APPLYING TO THE AMOUNT OF THE EXCESS THE APPROPRIATE TAX RATE
OF THE MUNICIPAL CORPORATION AND SUCH AMOUNT SHALL BE PAID ON AUDIT  AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00107-02-9
              

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