|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Mar 23, 2018||referred to local government|
senate Bill S8062
Archive: Last Bill Status - In Senate Committee Local Government Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S8062 (ACTIVE) - Details
S8062 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8062 SPONSOR: O'MARA TITLE OF BILL: An act to amend the general municipal law and the education law, in relation to payments in lieu of taxes PURPOSE OR GENERAL IDEA OF BILL: This bill amends the general municipal law and education law to provide that the tax base growth factor (or quantity change factor) include the value of new assessment exempted under a Payment In Lieu of Taxes agree-merit being added to a community. SUMMARY OF PROVISIONS: Section 1 amends section 3-c of the general municipal law to include the change in assessed value for each property on the exempt side of the tax rolls under PILOT agreements when the commissioner of taxation and finance calculates the quantity change factor for each local government.
S8062 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8062 I N S E N A T E March 23, 2018 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law and the education 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. Subparagraph (i) of paragraph (b) of subdivision 3 of section 3-c of the general municipal law, as amended by section 2 of subpart C of part C of chapter 20 of the laws of 2015, is amended to read as follows: (i) The commissioner of taxation and finance shall calculate a quanti- ty change factor for each local government for the coming fiscal year based upon the physical or quantity change, as defined by section twelve hundred twenty of the real property tax law, reported to the commission- er of taxation and finance by the assessor or assessors pursuant to section five hundred seventy-five of the real property tax law. The quantity change factor shall show the percentage by which the full value of the taxable real property in the local government has changed due to physical or quantity change between the second final assessment roll or rolls preceding the final assessment roll or rolls upon which taxes are to be levied, and the final assessment roll or rolls immediately preced- ing the final assessment roll or rolls upon which taxes are to be levied[. The commissioner of taxation and finance shall, as appropriate, promulgate rules and regulations regarding the calculation of the quan- tity change factor which may adjust the calculation based on the devel- opment on tax exempt land], AND SHALL INCLUDE THE CHANGE IN ASSESSED VALUE FOR EACH PROPERTY ON THE EXEMPT SIDE OF THE TAX ROLLS UNDER A PAYMENT IN LIEU OF TAX AGREEMENT. § 2. Paragraph b of subdivision 2-a of section 2023-a of the education law, as amended by section 3 of subpart C of part C of chapter 20 of the laws of 2015, is amended to read as follows: b. The commissioner of taxation and finance shall calculate a quantity change factor for the coming school year for each school district based upon the physical or quantity change, as defined by section twelve EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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