Assembly Bill A726A

2017-2018 Legislative Session

Authorizes state reimbursement to municipal corporations for tax revenue lost and expenses incurred as a result of the reduced assessment of forest land

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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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Bill Amendments

multi-Sponsors

2017-A726 - Details

See Senate Version of this Bill:
S2043
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§480 & 480-a, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A773, S690
2011-2012: A427, S1491
2013-2014: A1712, S1004
2015-2016: A844, S820
2019-2020: A2088

2017-A726 - Summary

Authorizes a procedure whereby the chief executive officer of a municipal corporation in which there is located privately owned forest lands which are exempt from real property taxes to make application to the state for reimbursement for revenues lost as a result of such exemption.

2017-A726 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    726
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced by M. of A. GUNTHER -- Multi-Sponsored by -- M. of A. STEC --
   read once and referred to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to the assessment
   of  private  forest lands and to provide state assistance to municipal
   corporations relating thereto

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  480  of  the real property tax law is amended by
 adding a new subdivision 10 to read as follows:
   10. (A) THE CHIEF EXECUTIVE OFFICER  OF  A  MUNICIPAL  CORPORATION  IN
 WHICH  THERE  ARE  PRIVATELY  OWNED  FOREST  LANDS WHICH ARE ASSESSED IN
 ACCORDANCE WITH THE PROVISIONS OF SUBDIVISION THREE OF THIS SECTION  MAY
 MAKE APPLICATION FOR STATE ASSISTANCE AS PROVIDED IN THIS SUBDIVISION.
   (B)  APPLICATION  FOR  STATE  ASSISTANCE  PURSUANT TO THIS SUBDIVISION
 SHALL BE MADE ON A FORM PRESCRIBED BY THE COMMISSIONER AND SHALL CONTAIN
 SUCH INFORMATION AND DOCUMENTATION AS MAY BE REQUIRED BY THE COMMISSION-
 ER AND THE COMMISSIONER MAY PROMULGATE RULES AND  REGULATIONS  NECESSARY
 TO THE IMPLEMENTATION OF THIS SUBDIVISION.
   (C) UPON RECEIPT OF THE APPLICATION FOR STATE ASSISTANCE, SUCH PRIVATE
 FOREST  LANDS  SHALL  BE  VALUED  BY THE COMMISSIONER AND THE CUMULATIVE
 VALUE OF ALL SUCH LANDS SHALL  BE  EQUALIZED  BY  APPLYING  THERETO  THE
 APPROPRIATE  STATE EQUALIZATION RATE OR SPECIAL EQUALIZATION RATE ESTAB-
 LISHED IN ACCORDANCE WITH THE RULES OF THE COMMISSIONER.
   (D) IF THE CUMULATIVE VALUE DETERMINED AND EQUALIZED PURSUANT TO PARA-
 GRAPH (C) OF THIS SUBDIVISION EXCEEDS THE TAXABLE ASSESSED VALUATION  OF
 SUCH  PROPERTY ON THE PRECEDING ASSESSMENT ROLL, AS REQUIRED BY SUBDIVI-
 SION THREE OF THIS SECTION THE COMMISSIONER SHALL COMPUTE THE AMOUNT  OF
 STATE  ASSISTANCE PAYABLE TO OR FOR THE BENEFIT OF EACH MUNICIPAL CORPO-
 RATION BY APPLYING TO THE AMOUNT OF THE EXCESS THE APPROPRIATE TAX  RATE
 OF  THE MUNICIPAL CORPORATION AND SUCH AMOUNT SHALL BE PAID ON AUDIT AND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00197-01-7

multi-Sponsors

2017-A726A (ACTIVE) - Details

See Senate Version of this Bill:
S2043
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§480 & 480-a, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A773, S690
2011-2012: A427, S1491
2013-2014: A1712, S1004
2015-2016: A844, S820
2019-2020: A2088

2017-A726A (ACTIVE) - Summary

Authorizes a procedure whereby the chief executive officer of a municipal corporation in which there is located privately owned forest lands which are exempt from real property taxes to make application to the state for reimbursement for revenues lost as a result of such exemption.

2017-A726A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  726--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced by M. of A. GUNTHER -- Multi-Sponsored by -- M. of A. STEC --
   read  once  and referred to the Committee on Real Property Taxation --
   recommitted to the Committee on Real Property Taxation  in  accordance
   with  Assembly  Rule  3, sec. 2 -- committee discharged, bill amended,
   ordered reprinted as amended and recommitted to said committee

 AN ACT to amend the real property tax law, in relation to the assessment
   of private forest lands and to provide state assistance  to  municipal
   corporations relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 480 of the real property  tax  law  is  amended  by
 adding a new subdivision 10 to read as follows:
   10.  (A)  THE  CHIEF  EXECUTIVE  OFFICER OF A MUNICIPAL CORPORATION IN
 WHICH THERE ARE PRIVATELY OWNED  FOREST  LANDS  WHICH  ARE  ASSESSED  IN
 ACCORDANCE  WITH THE PROVISIONS OF SUBDIVISION THREE OF THIS SECTION MAY
 MAKE APPLICATION FOR STATE ASSISTANCE AS PROVIDED IN THIS SUBDIVISION.
   (B) APPLICATION FOR STATE  ASSISTANCE  PURSUANT  TO  THIS  SUBDIVISION
 SHALL BE MADE ON A FORM PRESCRIBED BY THE COMMISSIONER AND SHALL CONTAIN
 SUCH INFORMATION AND DOCUMENTATION AS MAY BE REQUIRED BY THE COMMISSION-
 ER  AND  THE COMMISSIONER MAY PROMULGATE RULES AND REGULATIONS NECESSARY
 TO THE IMPLEMENTATION OF THIS SUBDIVISION.
   (C) UPON RECEIPT OF THE APPLICATION FOR STATE ASSISTANCE, SUCH PRIVATE
 FOREST LANDS SHALL BE VALUED BY  THE  COMMISSIONER  AND  THE  CUMULATIVE
 VALUE  OF  ALL  SUCH  LANDS  SHALL  BE EQUALIZED BY APPLYING THERETO THE
 APPROPRIATE STATE EQUALIZATION RATE OR SPECIAL EQUALIZATION RATE  ESTAB-
 LISHED IN ACCORDANCE WITH THE RULES OF THE COMMISSIONER.
   (D) IF THE CUMULATIVE VALUE DETERMINED AND EQUALIZED PURSUANT TO PARA-
 GRAPH  (C) OF THIS SUBDIVISION EXCEEDS THE TAXABLE ASSESSED VALUATION OF
 SUCH PROPERTY ON THE PRECEDING ASSESSMENT ROLL, AS REQUIRED BY  SUBDIVI-
 SION  THREE OF THIS SECTION THE COMMISSIONER SHALL COMPUTE THE AMOUNT OF
 STATE ASSISTANCE PAYABLE TO OR FOR THE BENEFIT OF EACH MUNICIPAL  CORPO-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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