Senate Bill S7957

2015-2016 Legislative Session

Relates to changes in assessment for businesses that make payments in lieu of taxes

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee

  • 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

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2015-S7957 (ACTIVE) - Details

See Assembly Version of this Bill:
A9546
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §561, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: S4156, A7211
2019-2020: S3972, A218

2015-S7957 (ACTIVE) - Summary

Relates to changes in assessment for businesses that make payments in lieu of taxes; establishes that any reduction in school taxes shall not take effect until the following taxable status year.

2015-S7957 (ACTIVE) - Sponsor Memo

2015-S7957 (ACTIVE) - Bill Text download pdf 

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

                                  7957

                            I N  S E N A T E

                              May 31, 2016
                               ___________

Introduced  by  Sen.  MARCELLINO  -- 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  changes  in
  assessment for businesses that make 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. The real property tax  law  is  amended  by  adding  a  new
section 561 to read as follows:
  S  561.  PAYMENTS  IN  LIEU  OF TAXES; CHANGE OF ASSESSMENT; EFFECTIVE
DATE.  NOTWITHSTANDING ANY OTHER PROVISION OF LAW,  WHEN  A  PAYMENT  IN
LIEU  OF  TAXES  PROPERTY ASSESSMENT IS CHALLENGED THROUGH THE GRIEVANCE
PROCESS, ANY REDUCTION IN SCHOOL TAXES THAT IS AWARDED  SHALL  NOT  TAKE
EFFECT UNTIL THE FOLLOWING TAXABLE STATUS YEAR.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02490-04-6

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