S T A T E O F N E W Y O R K
________________________________________________________________________
2464
2015-2016 Regular Sessions
I N A S S E M B L Y
January 16, 2015
___________
Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
tee on Local Governments
AN ACT to amend the general municipal law, in relation to payments in
lieu of taxes
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 15 of section 858 of the general municipal law,
as added by chapter 356 of the laws of 1993, is amended to read as
follows:
(15) To enter into agreements requiring payments in lieu of taxes.
Such agreements shall be in writing and in addition to other terms shall
contain: the amount due annually to each affected tax jurisdiction (or a
formula by which the amount due can be calculated), the name and address
of the person, office or agency to which payment shall be delivered, the
date on which payment shall be made, and the date on which payment shall
be considered delinquent if not paid. NO SUCH AGREEMENT SHALL TAKE
EFFECT IN A TAXING JURISDICTION UNLESS AGREED TO BY A THREE-FIFTHS VOTE
OF THE GOVERNING BODY OF THE TAXING JURISDICTION. Unless otherwise
agreed by the affected tax jurisdictions, any such agreement shall
provide that payments in lieu of taxes shall be allocated among affected
tax jurisdictions in proportion to the amount of real property tax and
other taxes which would have been received by each affected tax juris-
diction had the project not been tax exempt due to the status of the
agency involved in the project. A copy of any such agreement shall be
delivered to each affected tax jurisdiction within fifteen days of sign-
ing the agreement[. In the absence of any such written agreement,
payments in lieu of taxes made by an agency shall be allocated in the
same proportions as they had been prior to January first, nineteen
hundred ninety-three for so long as the agency's activities render a
project non-taxable by affected tax jurisdictions];
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05629-01-5