senate Bill S6660A

Signed By Governor
2013-2014 Legislative Session

Relates to the tax exemption for nuclear powered generating facilities

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Sponsored By

Archive: Last Bill Status Via A9380 - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 04, 2014 signed chap.336
Aug 25, 2014 delivered to governor
Jun 10, 2014 returned to assembly
passed senate
3rd reading cal.889
substituted for s6660a
Jun 10, 2014 substituted by a9380
May 28, 2014 advanced to third reading
May 21, 2014 2nd report cal.
May 20, 2014 1st report cal.889
Mar 26, 2014 print number 6660a
amend and recommit to local government
Feb 25, 2014 referred to local government

Votes

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May 20, 2014 - Local Government committee Vote

S6660A
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Local Government committee vote details

Local Government Committee Vote: May 20, 2014

Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

S6660 - Bill Details

See Assembly Version of this Bill:
A9380
Law Section:
Real Property Tax Law
Laws Affected:
Amd §485, RPT L

S6660 - Bill Texts

view summary

Extends the real property tax exemption for nuclear powered electric generating facilities to 2031.

view sponsor memo
BILL NUMBER:S6660

TITLE OF BILL: An act to amend the real property tax law, in relation
to the tax exemption for nuclear powered electric generating
facilities

PURPOSE:

To give local taxing jurisdictions with nuclear generating facilities
the ability to negotiate tax agreements.

SUMMARY OF PROVISIONS:

Section 1 amends paragraph (e) of subdivision 2 of section 485 of the
Real Property Tax Law to extend the effective date to January 1, 2031.

Section 2 states this act shall take effective immediately.

JUSTIFICATION:

Currently, local taxing authorities, such as local governments and
school districts, have the ability to enter into tax agreements with
nuclear generating facilities. Localities were first granted this
authority back in 2001.

Prior to 2001, nuclear generating facilities were taxed as real
property and municipal assessors were required to determine the value
of the property annually. Unlike most properties, the value of nuclear
generating facilities depends largely on the market. This
unpredictability created a dynamic where property values dramatically
increased or decreased each year. Further, having the property on the
assessment rolls increased the likelihood that the assessment would be
challenged each year in court.

For localities with these facilities, this was problematic in
stabilizing property taxes for residents and for future planning. Due
to these factors, legislation was enacted in 2001 that gave localities
the ability to negotiate tax agreements with nuclear facilities.
Specifically, localities can enter into an agreement with the nuclear
generating facility based on what is in the best interests of the
community - they can place the nuclear facility on the assessment
roll, enter into an IDA PILOT agreement or they can negotiate a tax
agreement. Having these options has proved to be successful in
communities with nuclear facilities and has helped stabilize property
taxes.

This legislation will extend Section 485 of the Real Property Tax Law
to January 1, 2031.

LEGISLATIVE HISTORY:

Assembly Bill 6639/Senate Bill 14 of 2001 (Chapter 87 of 2001).

FISCAL IMPLICATIONS:

None to state.


EFFECTIVE DATE:

This act shall take effect immediately.

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

                                  6660

                            I N  S E N A T E

                            February 25, 2014
                               ___________

Introduced  by Sens. RITCHIE, MAZIARZ -- 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  tax
  exemption for nuclear powered electric generating facilities

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

  Section 1. Paragraph (e) of subdivision 2 of section 485 of  the  real
property  tax  law,  as  added  by chapter 87 of the laws of 2001 and as
further amended by subdivision (b) of section 1 of part W of chapter  56
of the laws of 2010, is amended to read as follows:
  (e) For assessment rolls with taxable status dates on or after January
first, two thousand [sixteen] THIRTY-ONE, or such earlier year as may be
specified  in  the  local  law  or  resolution authorizing the exemption
(provided that the term of the exemption shall not be reduced thereby to
less than five years), the exemption provided by this section  shall  no
longer  apply  and  any  agreement for payments in lieu of taxes for any
facility theretofore exempt pursuant to this section shall no longer  be
in  effect.  Upon  the  request  of  the  assessor  of an assessing unit
containing a nuclear powered electric generating facility,  the  commis-
sioner  shall  provide an advisory appraisal of such facility for use on
the municipal assessment roll with a taxable status  date  on  or  after
January first, two thousand [sixteen] THIRTY-ONE.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13659-01-4

Co-Sponsors

S6660A (ACTIVE) - Bill Details

See Assembly Version of this Bill:
A9380
Law Section:
Real Property Tax Law
Laws Affected:
Amd §485, RPT L

S6660A (ACTIVE) - Bill Texts

view summary

Extends the real property tax exemption for nuclear powered electric generating facilities to 2031.

view sponsor memo
BILL NUMBER:S6660A

TITLE OF BILL: An act to amend the real property tax law, in relation
to the tax exemption for nuclear powered electric generating
facilities

PURPOSE:

To give local taxing jurisdictions with nuclear generating facilities
the ability to negotiate tax agreements.

SUMMARY OF PROVISIONS:

Section 1 amends paragraph (e) of subdivision 2 of section 485 of the
Real Property Tax Law to extend the effective date to January 1, 2031.

Section 2 states this act shall take effective immediately.

JUSTIFICATION:

Currently, local taxing authorities, such as local governments and
school districts, have the ability to enter into tax agreements with
nuclear generating facilities. Localities were first granted this
authority back in 2001.

Prior to 2001, nuclear generating facilities were taxed as real
property and municipal assessors were required to determine the value
of the property annually. Unlike most properties, the value of nuclear
generating facilities depends largely on the market. This
unpredictability created a dynamic where property values dramatically
increased or decreased each year. Further, having the property on the
assessment rolls increased the likelihood that the assessment would be
challenged each year in court.

For localities with these facilities, this was problematic in
stabilizing property taxes for residents and for future planning. Due
to these factors, legislation was enacted in 2001 that gave localities
the ability to negotiate tax agreements with nuclear facilities.
Specifically, localities can enter into an agreement with the nuclear
generating facility based on what is in the best interests of the
community - they can place the nuclear facility on the assessment
roll, enter into an IDA PILOT agreement or they can negotiate a tax
agreement. Having these options has proved to be successful in
communities with nuclear facilities and has helped stabilize property
taxes.

This legislation will extend Section 485 of the Real Property Tax Law
to January 1, 2031.

LEGISLATIVE HISTORY:

Assembly Bill 6639/Senate Bill 14 of 2001 (Chapter 87 of 2001).

FISCAL IMPLICATIONS:

None to state.


EFFECTIVE DATE:

This act shall take effect immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6660--A

                            I N  S E N A T E

                            February 25, 2014
                               ___________

Introduced  by Sens. RITCHIE, MAZIARZ -- read twice and ordered printed,
  and when printed to be committed to the Committee on Local  Government
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the real property  tax  law,  in  relation  to  the  tax
  exemption for nuclear powered electric generating facilities

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

  Section 1. Paragraph (e) of subdivision 2 of section 485 of  the  real
property  tax  law,  as  added  by chapter 87 of the laws of 2001 and as
further amended by subdivision (b) of section 1 of part W of chapter  56
of the laws of 2010, is amended to read as follows:
  (e) For assessment rolls with taxable status dates on or after January
first, two thousand [sixteen] THIRTY-ONE, or such earlier year as may be
specified  in  the  local  law  or  resolution authorizing the exemption
[(provided that the term of the exemption shall not be  reduced  thereby
to  less than five years)], the exemption provided by this section shall
no longer apply and any agreement for payments in lieu of taxes for  any
facility  theretofore exempt pursuant to this section shall no longer be
in effect. Upon the  request  of  the  assessor  of  an  assessing  unit
containing  a  nuclear powered electric generating facility, the commis-
sioner shall provide an advisory appraisal of such facility for  use  on
the  municipal  assessment  roll  with a taxable status date on or after
January first, two thousand [sixteen] THIRTY-ONE.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13659-03-4

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