S T A T E O F N E W Y O R K
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7175
2011-2012 Regular Sessions
I N A S S E M B L Y
April 14, 2011
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Introduced by M. of A. THIELE -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the county law, in relation to payment in lieu of taxes
for property acquired for open space, park or recreational purposes in
the town of Southampton, county of Suffolk
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The county law is amended by adding a new section 233-c to
read as follows:
S 233-C. PAYMENT IN LIEU OF TAXES FOR PROPERTY ACQUIRED FOR OPEN
SPACE, PARK OR RECREATIONAL PURPOSES. THE COUNTY OF SUFFOLK HAVING
ACQUIRED CERTAIN PROPERTY FOR OPEN SPACE, PARK OR RECREATIONAL PURPOSES
IN THE TOWN OF SOUTHAMPTON SHALL HAVE THE POWER AND AUTHORITY WITH
RESPECT TO SUCH PROPERTY, TO PAY OR TRANSFER OUT OF ANY COUNTY FUNDS
AVAILABLE TO IT, ANNUAL SUMS IN LIEU OF TAXES TO THE AFFECTED TAXING
JURISDICTIONS, IN ORDER THAT NONE OF SUCH TAXING JURISDICTION SHALL
SUFFER AN INEQUITABLE LOSS OF REVENUE BY VIRTUE OF SUCH OPEN SPACE, PARK
OR RECREATIONAL PROPERTY; PROVIDED FURTHER, THAT THE AMOUNT SO PAID OR
TRANSFERRED FOR ANY YEAR SHALL NOT EXCEED THE ANNUAL TAX ON SUCH PROPER-
TY WHICH WOULD HAVE BEEN LEVIED IF THE PROPERTY WERE NOT EXEMPT, BASED
UPON THE ASSESSMENT OF SUCH PROPERTY FOR THE TAXABLE YEAR IMMEDIATELY
PRECEDING THE EFFECTIVE DATE OF THIS SECTION. AS USED IN THIS SECTION,
THE TERM "TAXING JURISDICTION" MEANS ANY SCHOOL DISTRICT IN THE TOWN OF
SOUTHAMPTON.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03819-01-1