Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
signed chap.506 |
Nov 10, 2015 |
delivered to governor |
Jun 17, 2015 |
returned to senate passed assembly ordered to third reading rules cal.476 substituted for a7622b |
Jun 16, 2015 |
referred to ways and means delivered to assembly passed senate |
Jun 11, 2015 |
amended on third reading 5501a |
Jun 10, 2015 |
ordered to third reading cal.1470 committee discharged and committed to rules |
May 14, 2015 |
referred to local government |
Senate Bill S5501
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2015-S5501 - Details
- Law Section:
- General Municipal
- Versions Introduced in 2015-2016 Legislative Session:
-
S5501
2015-S5501 - Sponsor Memo
BILL NUMBER:S5501 TITLE OF BILL: An act to establish a semiconductor manufacturing tax stabilization reserve fund in the Ballston Spa Central School District to lessen or prevent increases in the school district's real property tax levy PURPOSE OF THE BILL: To authorize the Ballston Spa Central School District to establish, subject to voter approval, a real property tax stabilization fund out of a portion of the proceeds of a payment in lieu of taxes (PILOT) agreement with the Global Foundries semiconductor manufacturing facility. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill sets forth the legislative findings. Section 2 of the bill sets forth definitions for terms used in this act. Section 3 of the bill authorizes the Board of Education of the Ballston Spa Central School District to establish a semiconductor manufacturing tax stabilization reserve fund to lessen or prevent
2015-S5501 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5501 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to establish a semiconductor manufacturing tax stabilization reserve fund in the Ballston Spa 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 a semiconductor manufacturing project or projects located within the Ballston Spa Central School District may result in instability in the real property tax base and the budgets of the district due to the uncertainty with the assessments of such semiconductor manufacturing project or projects and the variability of the payments in lieu of taxes prior to and at termination of such payments. S 2. Definitions. As used in this act: (a) "Board of education" or "board" means the board of education of the Ballston Spa Central School District. (b) "Semiconductor manufacturing tax stabilization reserve fund" or "fund" means the semiconductor manufacturing 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 412-a of the real property tax law or section 858 of the general municipal law on any semiconductor manufac- turing project or projects located wholly or partially within the Ball- ston Spa Central School District. (d) "School district" or "district" means the Ballston Spa Central School District. (e) "Semiconductor manufacturing project or projects" shall be defined as in section 412-a of the real property tax law and shall include the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11059-02-5
2015-S5501A (ACTIVE) - Details
- Law Section:
- General Municipal
- Versions Introduced in 2015-2016 Legislative Session:
-
S5501
2015-S5501A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5501A TITLE OF BILL: An act to establish a semiconductor manufacturing tax stabilization reserve fund in the Ballston Spa Central School District to lessen or prevent increases in the school district's real property tax levy PURPOSE OF THE BILL: Authorizes the Ballston Spa Central School District to establish, subject to voter approval, a real property tax stabilization fund out of a portion of the proceeds of a payment in lieu of taxes (PILOT) agreement with the Global Foundries semiconductor manufacturing facility. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill sets forth the legislative findings. Section 2 of the bill sets forth definitions for terms used in this act. Section 3 of the bill authorizes the Board of Education of the Ballston Spa Central School District to establish a semiconductor manufacturing tax stabilization reserve fund to lessen or prevent
2015-S5501A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5501--A Cal. No. 1470 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged and said bill committed to the Committee on Rules -- ordered to a third reading, amended and ordered reprinted, retain- ing its place in the order of third reading AN ACT to establish a semiconductor manufacturing tax stabilization reserve fund in the Ballston Spa 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 a semiconductor manufacturing project or projects located within the Ballston Spa Central School District may result in instability in the real property tax base and the budgets of the district due to the uncertainty with the assessments of such semiconductor manufacturing project or projects and the variability of the payments in lieu of taxes prior to and at termination of such payments. S 2. Definitions. As used in this act: (a) "Board of education" or "board" means the board of education of the Ballston Spa Central School District. (b) "Semiconductor manufacturing tax stabilization reserve fund" or "fund" means the semiconductor manufacturing 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 412-a of the real property tax law or section 858 of the general municipal law on any semiconductor manufac- turing project or projects located wholly or partially within the Ball- ston Spa Central School District. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11059-07-5
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