senate Bill S4857A

2011-2012 Legislative Session

Establishes assessments for the value of lands that may be used for prospective natural gas or oil development activities

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Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to local government
returned to senate
died in assembly
Jun 15, 2011 referred to ways and means
delivered to assembly
passed senate
Jun 06, 2011 amended on third reading (t) 4857a
Jun 02, 2011 advanced to third reading
Jun 01, 2011 2nd report cal.
May 25, 2011 1st report cal.874
Apr 27, 2011 referred to local government

Co-Sponsors

S4857 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Add §582-b, RPT L

S4857 - Summary

Establishes assessments for the value of lands that may be used for prospective natural gas or oil development activities.

S4857 - Sponsor Memo

S4857 - Bill Text download pdf


          

Co-Sponsors

S4857A (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Add §582-b, RPT L

S4857A (ACTIVE) - Summary

Establishes assessments for the value of lands that may be used for prospective natural gas or oil development activities.

S4857A (ACTIVE) - Sponsor Memo

S4857A (ACTIVE) - Bill Text download pdf

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

                                 4857--A
    Cal. No. 874

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             April 27, 2011
                               ___________

Introduced  by  Sens.  O'MARA, LIBOUS -- read twice and ordered printed,
  and when printed to be committed to the Committee on Local  Government
  -- reported favorably from said committee, ordered to first and second
  report,  ordered  to  a  third reading, amended and ordered reprinted,
  retaining its place in the order of third reading

AN ACT to amend the real property tax law, in relation  to  establishing
  assessments  for  the  value of lands that may be used for prospective
  natural gas or oil development activities

  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 582-b to read as follows:
  S 582-B. VALUATION OF  PROSPECTIVE  NATURAL  GAS  OR  OIL  DEVELOPMENT
ACTIVITIES.  WHERE  OIL  AND  GAS  RIGHTS  IN  LAND  HAVE BEEN LEASED OR
CONVEYED, SUCH LAND SHALL NOT BE SUBJECT TO AN  INCREASE  IN  ASSESSMENT
SOLELY  BECAUSE  OF  SUCH  LEASE  OR CONVEYANCE. NOTHING IN THIS SECTION
SHALL PROHIBIT AN ASSESSMENT INCREASE DUE  TO  OIL  AND  GAS  EXTRACTION
PURSUANT TO TITLE FIVE OF THIS ARTICLE.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11005-03-1

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