Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 21, 2018 |
reported and committed to finance |
Jan 03, 2018 |
referred to energy and telecommunications |
May 24, 2017 |
reported and committed to finance |
Jan 09, 2017 |
referred to energy and telecommunications |
Senate Bill S1295
2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Actions
Votes
2017-S1295 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6696
- Current Committee:
- Senate Finance
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §§1020-p & 1020-q, Pub Auth L
- Versions Introduced in 2015-2016 Legislative Session:
-
S7909, A9816
2017-S1295 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1295 TITLE OF BILL : An act to amend the public authorities law, in relation to payments in lieu of taxes PURPOSE : This legislation would clarify the Long Island Power Authority's (LIPA) obligation to make timely payments in lieu of taxes (PILOTs) for the benefit of various municipalities and school districts and to require LIPA to enter into written agreements with the assessing jurisdictions (towns in Suffolk and Nassau County) detailing such requirement. It will also help to create fiscal certainty during the school district budget process. SUMMARY OF PROVISIONS : Section 1 of the bill amends subdivision 1020-q of the public authorities law by adding (b) to subdivision one which requires LIPA to enter into written PILOT payment agreements which shall include annual schedules of fixed payments. Such schedules shall be finalized on or before February 1 of the year prior to the fiscal year of the budget that the school district is in the process of developing.
2017-S1295 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1295 2017-2018 Regular Sessions I N S E N A T E January 9, 2017 ___________ Introduced by Sen. MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommu- nications AN ACT to amend the public authorities 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 1 of section 1020-q of the public authorities law, as amended by section 8 of part A of chapter 173 of the laws of 2013, is amended to read as follows: 1. (A) Each year after property theretofore owned by LILCO is acquired by the authority by any means authorized by this title and, as a conse- quence, is removed from the tax rolls, the authority shall make payments in lieu of taxes to municipalities and school districts equal to the taxes and assessments which would have been received from year to year by each such jurisdiction if such acquisition had not occurred, provided, however, that for the calendar year starting on January first, two thousand fifteen, and for each calendar year thereafter, such payments in lieu of taxes shall not exceed the in lieu of tax payments made to such municipalities and school districts in the immediately preceding year by more than two percent. (B) THE AUTHORITY SHALL ENTER INTO WRITTEN AGREEMENTS TO MAKE PAYMENTS IN LIEU OF TAXES PURSUANT TO SECTION ONE THOUSAND TWENTY-P OF THIS TITLE FOR ALL PARCELS OF PROPERTY SUBJECT TO THIS SECTION. SUCH AGREEMENTS SHALL, WITHOUT LIMITATION, INCLUDE AN ANNUAL SCHEDULE OF FIXED PAYMENTS IN LIEU OF TAXES ON OR BEFORE FEBRUARY FIRST TO BE PAID TO MUNICI- PALITIES AND SCHOOL DISTRICTS FOR THE FOLLOWING FISCAL YEAR OF SUCH MUNICIPALITIES AND SCHOOL DISTRICTS BASED UPON THE TWO PRIOR YEAR'S TAX ROLLS CONSISTENT WITH THE TWO PERCENT CALENDAR YEAR LIMITATION IN PARA- GRAPH (A) OF THIS SUBDIVISION, WHICH SHALL BE PAID BY THE AUTHORITY TO THE ASSESSING JURISDICTION FOR THE BENEFIT OF THE MUNICIPALITIES AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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