senate Bill S8235A

2017-2018 Legislative Session

Relates to authorizing funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements and permits tax certiorari stabilization reserve funds

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 19, 2018 referred to ways and means
delivered to assembly
passed senate
May 09, 2018 ordered to third reading cal.1129
committee discharged and committed to rules
May 04, 2018 print number 8235a
May 04, 2018 amend and recommit to finance
Apr 20, 2018 referred to finance

Co-Sponsors

S8235 - Details

See Assembly Version of this Bill:
A10496
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd Part C Subpart H §1, Chap 20 of 2015
Versions Introduced in 2019-2020 Legislative Session:
S2852, A2585

S8235 - Summary

Authorizes funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements resulting in loss of tax revenues or increased tax levies of over twenty percent or in regards to a settlement agreement, a reduction in real property taxes or a payment in lieu of taxes of at least twenty percent in the aggregate over the term of such settlement agreement; and permits the establishment of tax certiorari stabilization reserve funds.

S8235 - Sponsor Memo

S8235 - Bill Text download pdf


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

                                  8235

                            I N  S E N A T E

                             April 20, 2018
                               ___________

Introduced by Sens. FLANAGAN, LAVALLE -- read twice and ordered printed,
  and when printed to be committed to the Committee on Finance

AN  ACT  to amend subpart H of part C of chapter 20 of the laws of 2015,
  relating to appropriating money for certain municipal corporations and
  school districts, in relation to authorizing  funds  in  the  case  of
  certain  tax  certiorari challenges or agreed upon settlements; and to
  permit certain boards of  education  to  establish  a  tax  certiorari
  stabilization reserve fund

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 1 of subpart H of part C of chapter 20 of the  laws
of  2015,  relating  to appropriating money for certain municipal corpo-
rations and school districts, as amended by section  1  of  part  QQ  of
chapter 58 of the laws of 2017, is amended to read as follows:
  Section  1.  Contingent  upon  available  funding,  and  not to exceed
[$45,000,000] $69,000,000 moneys from the urban development  corporation
shall be available for a local government entity, which for the purposes
of  this  section  shall  mean  a  county,  city,  town, village, school
district or special district, where (i) on or after June  25,  2015,  an
electric generating facility located within such local government entity
has  ceased operations, and (ii) the closing of such facility has caused
a reduction in the real property tax collections or payments in lieu  of
taxes of at least twenty percent owed by such electric generating facil-
ity;  OR  WHERE,  ON OR AFTER APRIL 1, 2018, A SUCCESSFUL TAX CERTIORARI
CHALLENGE OR AN AGREED UPON SETTLEMENT TO THE ASSESSMENT OF AN  ELECTRIC
GENERATING  FACILITY  BY THE LONG ISLAND POWER AUTHORITY HAS RESULTED IN
EITHER A REDUCTION IN THE REAL PROPERTY TAX COLLECTIONS OR  PAYMENTS  IN
LIEU  OF TAXES OF AT LEAST TWENTY PERCENT, OR IN REGARDS TO A SETTLEMENT
AGREEMENT A REDUCTION IN REAL PROPERTY TAXES  OR  PAYMENTS  IN  LIEU  OF
TAXES  OF  AT LEAST TWENTY PERCENT IN THE AGGREGATE OVER THE TERM OF THE
SETTLEMENT AGREEMENT, OWED BY SUCH ELECTRIC GENERATING FACILITY  OR  HAS
RESULTED  IN A REAL PROPERTY TAX LEVY INCREASE OF OVER TWENTY PERCENT OF
A LOCAL GOVERNMENT ENTITY. Such moneys attributable to the cessation  of
operations,  A  SUCCESSFUL  TAX  CERTIORARI CHALLENGE, OR AN AGREED UPON

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Co-Sponsors

S8235A (ACTIVE) - Details

See Assembly Version of this Bill:
A10496
Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Amd Part C Subpart H §1, Chap 20 of 2015
Versions Introduced in 2019-2020 Legislative Session:
S2852, A2585

S8235A (ACTIVE) - Summary

Authorizes funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements resulting in loss of tax revenues or increased tax levies of over twenty percent or in regards to a settlement agreement, a reduction in real property taxes or a payment in lieu of taxes of at least twenty percent in the aggregate over the term of such settlement agreement; and permits the establishment of tax certiorari stabilization reserve funds.

S8235A (ACTIVE) - Sponsor Memo

S8235A (ACTIVE) - Bill Text download pdf


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

                                 8235--A

                            I N  S E N A T E

                             April 20, 2018
                               ___________

Introduced  by  Sens.  FLANAGAN,  LAVALLE,  KAMINSKY  --  read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Finance  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend subpart H of part C of chapter 20 of the laws  of  2015,
  relating to appropriating money for certain municipal corporations and
  school  districts,  in  relation  to  authorizing funds in the case of
  certain tax certiorari challenges or agreed upon settlements;  and  to
  permit  certain  boards  of  education  to  establish a tax certiorari
  stabilization reserve fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Section 1 of subpart H of part C of chapter 20 of the laws
of 2015, relating to appropriating money for  certain  municipal  corpo-
rations  and  school  districts,  as amended by section 1 of part AAA of
chapter 59 of the laws of 2018, is amended to read as follows:
  Section 1. Contingent  upon  available  funding,  and  not  to  exceed
$69,000,000  moneys  from  the  urban  development  corporation shall be
available for a local government entity, which for the purposes of  this
section  shall  mean  a  county, city, town, village, school district or
special district, where (i) on or  after  June  25,  2015,  an  electric
generating  facility  located  within  such  local government entity has
ceased operations, and (ii) the closing of such facility  has  caused  a
reduction  in  the  real property tax collections or payments in lieu of
taxes of at least twenty percent owed by such electric generating facil-
ity; OR WHERE, ON OR AFTER APRIL 1, 2018, A  SUCCESSFUL  TAX  CERTIORARI
CHALLENGE  OR AN AGREED UPON SETTLEMENT TO THE ASSESSMENT OF AN ELECTRIC
GENERATING FACILITY BY THE LONG ISLAND POWER AUTHORITY HAS  RESULTED  IN
EITHER  A  REDUCTION IN THE REAL PROPERTY TAX COLLECTIONS OR PAYMENTS IN
LIEU OF TAXES OF AT LEAST TWENTY PERCENT, OR IN REGARDS TO A  SETTLEMENT
AGREEMENT  A  REDUCTION  IN  REAL  PROPERTY TAXES OR PAYMENTS IN LIEU OF
TAXES OF AT LEAST TWENTY PERCENT IN THE AGGREGATE OVER THE TERM  OF  THE
SETTLEMENT  AGREEMENT,  OWED BY SUCH ELECTRIC GENERATING FACILITY OR HAS
RESULTED IN A REAL PROPERTY TAX LEVY INCREASE OF OVER TWENTY PERCENT  OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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