Assembly Bill A9590

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

                                  9590

                          I N  A S S E M B L Y

                             March 21, 2016
                               ___________

Introduced  by  M.  of  A.  SKARTADOS  --  read once and referred to the
  Committee on Real Property Taxation

AN ACT in relation to providing state aid to a certain school  district;
  and providing for the repeal of such provisions upon expiration there-
  of

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

  Section 1. State aid; tax exempt property for religious  corporations.
1.  State  aid  shall be payable to a school tax district, as defined in
subdivision five of this section when on any assessment roll the taxable
assessed valuation in such district is reduced by a taking of previously
taxable property by acquisition of a religious corporation, eligible for
tax exemption under section 462 of the  real  property  tax  law,  which
becomes exempt as a result of such acquisition and approval of an appli-
cation for exemption.
  2. The state aid payable to a school tax district as defined in subdi-
vision five of this section shall be equal to one hundred percent of the
total  amount  of  taxes  which were levied on the assessed valuation so
removed from the assessment roll in the year immediately preceding  such
removal.  In  the  next four succeeding years, state aid payable to such
school tax district shall be equal to 80 percent, 60 percent, 40 percent
and 20 percent, respectively, of the total amount of  taxes  which  were
levied  on  the  assessed valuation removed from the assessment roll for
the year preceding such removal.
  3. In making computations and determinations pursuant to this section,
there shall be taken into account increases or decreases in the level of
assessment.
  4. The chief fiscal officer of a school tax district  which  qualifies
for  state  aid pursuant to this section shall make application therefor
to the commissioner of education. The application shall  be  made  on  a
form  prescribed by such commissioner and shall contain such information
as the commissioner shall require.  Upon  approval  of  the  application
therefor  by  such commissioner, such state aid shall be paid upon audit
and warrant by the state comptroller.

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

                                                           LBD14216-01-6

A. 9590                             2

  5. The term "school tax district" shall mean a  city  school  district
located  within  the  county of Dutchess wherein real property was given
tax exempt status pursuant to section 462 of the real property  tax  law
resulting  in  a  six-tenths  of  a  percent or more decrease of taxable
assessed  valuation  in  such municipal corporations originally approved
between February 28, 2015 and July 2, 2016.
  S 2. This act shall  take  effect  immediately  and  shall  be  deemed
repealed December 31, 2021.