senate Bill S6835

2011-2012 Legislative Session

Establishes an energy system tax stabilization reserve fund in the Lowville Central School District to lessen or prevent increases in the real property tax levy

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


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

do you support this bill?

Actions

view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 11, 2012 referred to real property taxation
delivered to assembly
passed senate
Jun 05, 2012 advanced to third reading
Jun 04, 2012 2nd report cal.
May 31, 2012 1st report cal.981
Mar 28, 2012 referred to education

Votes

view votes

S6835 - Details

See Assembly Version of this Bill:
A9859
Current Committee:
Law Section:
Real Property Taxation

S6835 - Summary

Establishes an energy system tax stabilization reserve fund in the Lowville Central School District to lessen or prevent increases in the school district's real property tax levy resulting from decreases in revenue due to changes in the amount of or termination of payments in lieu of taxes receivable.

S6835 - Sponsor Memo

S6835 - Bill Text download pdf

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

                                  6835

                            I N  S E N A T E

                             March 28, 2012
                               ___________

Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN ACT to establish an energy system tax stabilization reserve  fund  in
  the Lowville Central School District to lessen or prevent increases in
  the school district's real property tax levy

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

  Section 1. Legislative findings. The legislature hereby finds that the
private development and ownership of wind energy systems located  within
the  Lowville  Central  School District may result in instability in the
real property tax base and the budgets of the district due to the uncer-
tainty with the assessments of such wind energy systems at the time  the
payments in lieu of taxes terminate.
  S 2. Definitions. As used in this act:
  (a)  "Board  of  education" or "board" means the board of education of
the Lowville Central School District.
  (b) "Energy system tax stabilization reserve fund" or "fund" means the
energy system tax stabilization reserve  fund  established  pursuant  to
this act.
  (c)  "Payments  in lieu of taxes" or "payments" means payments in lieu
of taxes receivable by the school district pursuant to contracts entered
into in accordance with section 487 of the  real  property  tax  law  or
subdivision  15  of section 858 of the general municipal law on any wind
energy system located wholly or partially within  the  Lowville  Central
School District.
  (d)  "School district" or "district" means the Lowville Central School
District.
  (e) "Wind energy systems" shall be defined as in section  487  of  the
real  property  tax law and shall include the land upon which the system
is located, any equipment used in such generation, and equipment leading
from the system to the interconnection with the transmission system.
  S 3. The board of education, without voter approval, is hereby author-
ized to establish an energy system tax  stabilization  reserve  fund  to
lessen  or  prevent increases in the school district's real property tax

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.