Do you support this bill?

Assembly Bill A6411

2015-2016 Legislative Session

Restricts an industrial development agency's authority to issue a payment in lieu of tax exemption or a property tax exemption

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

co-Sponsors

2015-A6411 (ACTIVE) - Details

Current Committee:
Assembly Local Governments
Law Section:
General Municipal Law
Laws Affected:
Amd ยงยง874 & 862, Gen Muni L
Versions Introduced in 2017-2018 Legislative Session:
A2443

2015-A6411 (ACTIVE) - Summary

Restricts an industrial development agency's authority to issue a payment in lieu of tax exemption or a property tax exemption.

2015-A6411 (ACTIVE) - Bill Text download pdf 

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

                                  6411

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 24, 2015
                               ___________

Introduced  by  M.  of  A.  SKARTADOS  --  read once and referred to the
  Committee on Local Governments

AN ACT to amend the general municipal law, in relation to restricting an
  industrial development agency's authority to issue a payment  in  lieu
  of tax exemption or a property tax exemption

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

  Section 1. Subdivision 4 of section 874 of the general  municipal  law
is amended by adding a new paragraph (c) to read as follows:
  (C)  ANY  EXEMPTIONS FROM REAL PROPERTY TAX PAYMENTS OR ANY AGREEMENTS
REQUIRING PAYMENTS IN LIEU OF TAXES THAT ARE  CREATED  PURSUANT  TO  THE
PROVISIONS  OF  THIS SECTION OR THIS CHAPTER SHALL REQUIRE THE AGENCY TO
SEEK PRIOR LEGISLATIVE APPROVAL FROM THE GOVERNING BODY OR BODIES OF THE
AFFECTED CITY, TOWN OR VILLAGE TAX JURISDICTIONS, INCLUDING LOCAL SCHOOL
DISTRICTS, BEFORE ISSUING APPROVAL  FOR  ANY  PAYMENT  IN  LIEU  OF  TAX
EXEMPTION OR ANY PROPERTY TAX EXEMPTION.
  S  2.  Section 862 of the general municipal law is amended by adding a
new subdivision 3 to read as follows:
  (3) NO FINANCIAL ASSISTANCE OF THE AGENCY SHALL BE USED IN RESPECT  OF
ANY  PROJECT  IF  THE APPLICANT IS ABLE TO COMPLETE ITS PLAN WITHOUT THE
NECESSITY OF A PAYMENT IN LIEU OF TAX EXEMPTION AS PROVIDED  IN  SECTION
EIGHT HUNDRED SEVENTY-FOUR OF THIS TITLE OR A PROPERTY TAX EXEMPTION.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09817-03-5

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.