S T A T E O F N E W Y O R K
________________________________________________________________________
732
2017-2018 Regular Sessions
I N A S S E M B L Y
January 9, 2017
___________
Introduced by M. of A. GUNTHER, LUPARDO, JAFFEE, SKARTADOS, SANTABAR-
BARA, BARRETT, CROUCH, FINCH, KOLB, BLANKENBUSH, BARCLAY -- Multi-
Sponsored by -- M. of A. GIGLIO, HAWLEY, HIKIND, LOPEZ, MAGEE, McDO-
NOUGH, McLAUGHLIN -- read once and referred to the Committee on Real
Property Taxation
AN ACT to amend the real property tax law, in relation to state aid for
certain towns adversely affected by a concentration of tax exempt
property
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 532-a to read as follows:
§ 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY CITY, TOWN,
VILLAGE OR FIRE DISTRICT IN WHICH THE TOTAL AMOUNT OF TAX EXEMPT PROPER-
TY REPRESENTS MORE THAN THIRTY-FIVE PERCENT, BY VALUE, OF THE TOTAL
AMOUNT OF PROPERTY IN SUCH CITY, TOWN, VILLAGE OR FIRE DISTRICT, THE
STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRIATION, AS FOLLOWS:
1. FIFTY PERCENT OF SUCH SUM SHALL BE PAID TO EACH ELIGIBLE CITY,
TOWN, VILLAGE OR FIRE DISTRICT IN PROPORTION TO SUCH ENTITY'S POPULATION
RELATIVE TO THE POPULATION OF ALL SUCH ELIGIBLE ENTITIES; AND
2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE OF TAX
EXEMPT PROPERTY IN EACH ELIGIBLE CITY, TOWN, VILLAGE OR FIRE DISTRICT AS
A PERCENTAGE OF THE VALUE OF ALL TAX EXEMPT PROPERTY IN ALL SUCH ELIGI-
BLE ENTITIES.
§ 2. This act shall take effect immediately and shall apply to assess-
ment rolls prepared on the basis of taxable status dates occurring on
and after the date on which this act shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02788-01-7