|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Aug 17, 2012||approval memo.10|
|Aug 06, 2012||delivered to governor|
|Jun 21, 2012||returned to senate|
ordered to third reading rules cal.560
substituted for a10738
|Jun 20, 2012||referred to ways and means|
delivered to assembly
ordered to third reading cal.1402
|Jun 15, 2012||referred to rules|
senate Bill S7731Signed By Governor
Archive: Last Bill Status - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
S7731 - Details
- See Assembly Version of this Bill:
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §54, St Fin L
S7731 - Summary
Provides that municipalities made coterminous may qualify for the citizen empowerment tax credit and the local government citizens re-organization empowerment grant program.
S7731 - Sponsor Memo
BILL NUMBER:S7731 TITLE OF BILL: An act to amend the state finance law, in relation to providing that municipalities made coterminous may qualify for the citizen empowerment tax credit and the local government citizens re-organization empowerment grant program PURPOSE: To expand the definition of the term "consolidation" for purposes of the "citizen empowerment tax credit" and the "local government citizens re-organization empowerment grant program" to include the creation of a coterminous village and town government. SUMMARY OF PROVISIONS: Section 1. Amends subparagraph (ii) of paragraph p of subdivision 10 of section 54 of the state finance law to include a town, which is deemed the surviving municipality in a coterminous consolidation of the borders of a town and village, as an eligible municipality for the citizen empowerment tax credit. Additionally, the Secretary of State is authorized to make rules and regulations to implement the tax credit in circumstances where the secretary determines that a coterminous consolidation of the borders of town and village will result in a savings to taxpayers.
S7731 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7731 I N S E N A T E June 15, 2012 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the state finance law, in relation to providing that municipalities made coterminous may qualify for the citizen empower- ment tax credit and the local government citizens re-organization empowerment grant program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph p of subdivision 10 of section 54 of the state finance law, as amended by section 2 of part K of chapter 57 of the laws of 2011, is amended to read as follows: (ii) Within the annual amounts appropriated therefor, surviving muni- cipalities following a consolidation or dissolution occurring on or after the state fiscal year commencing April first, two thousand seven shall be awarded additional annual aid, starting in the state fiscal year following the state fiscal year in which such consolidation or dissolution took effect, equal to fifteen percent of the combined amount of real property taxes levied by all of the municipalities participating in the consolidation or dissolution in the local fiscal year prior to the local fiscal year in which such consolidation or dissolution took effect. In instances of the dissolution of a village located in more than one town, such additional aid shall equal the sum of fifteen percent of the real property taxes levied by such village in the village fiscal year prior to the village fiscal year in which such dissolution took effect plus fifteen percent of the average amount of real property taxes levied by the towns in which the village was located in the town fiscal year prior to the town fiscal year in which such dissolution took effect, and shall be divided among such towns based on the percentage of such village's population that resided in each such town as of the most recent federal decennial census. In no case shall the additional aid pursuant to this paragraph exceed one million dollars. Such additional aid shall be apportioned and paid to the chief fiscal officer of each eligible municipality on or before September twenty-fifth of each such state fiscal year on audit and warrant of the state comptroller out of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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