S T A T E O F N E W Y O R K
________________________________________________________________________
141
2019-2020 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 9, 2019
___________
Introduced by M. of A. CAHILL -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to the prepara-
tion of exemption reports for local municipalities
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivisions 1 and 2 of section 495 of the real property
tax law, as added by chapter 258 of the laws of 2008, and subdivision 1
as further amended by subdivision (b) of section 1 of part W of chapter
56 of the laws of 2010, are amended to read as follows:
1. Whenever a county, city, town, village or school district is
required to prepare an annual budget, the official required to prepare a
tentative or preliminary version of that budget shall [annex thereto],
IN ADDITION, PREPARE an exemption report. This report shall be [on a
form prescribed by the commissioner and] ORGANIZED IN ACCORD WITH A
TEMPLATE AND WITHIN CATEGORIES PROVIDED BY THE COMMISSIONER, SPECIFYING
GROUPS OF PERSONS OR INSTITUTIONS BENEFITED BY ANY EXEMPTION CREATED BY
STATUTORY OR CONSTITUTIONAL PROVISION, AND SHALL BE LINKED BY REFERENCE
TO RELATED PROGRAMS OR CATEGORIES IN THE BUDGET OF THE LOCAL JURISDIC-
TION FOR THAT YEAR. SUCH REPORT shall show [how much of the total] THE
PRESENCE OR ABSENCE OF LOCAL CHOICE IN GRANTING THE EXEMPTION, AND SPEC-
IFY BY CATEGORY AND IN TOTAL THE assessed value THAT IS EXEMPT FROM
TAXATION on the final assessment roll or rolls used in that budgetary
process [is exempt from taxation. This report shall list every type of
exemption granted, identified by statutory authority, and shall show (a)
the cumulative impact of each type of exemption expressed either as a
dollar amount of assessed value or as a percentage of the total assessed
value on the roll, (b)], THE PERCENTAGE THAT EACH CATEGORY OF EXEMPT
PROPERTY COMPRISES OF THE TOTAL ASSESSMENT ROLL, THE NET REVENUE FORGONE
AS A RESULT OF EACH CATEGORY OF EXEMPTION AND IN TOTAL, AND THE EFFECT
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03127-01-9
A. 141 2
ON THE LOCAL TAX OBLIGATION FOR A SINGLE FAMILY RESIDENTIAL PROPERTY OF
AVERAGE VALUE IN THE JURISDICTION IF THE CATEGORY OF EXEMPTION WERE
REMOVED, CALCULATED ON THE BASIS OF THE AMOUNT TO BE RAISED BY TAXATION
AND TAX RATE OR RATES ADOPTED BY THE JURISDICTION'S GOVERNING BOARD FOR
USE IN FUNDING THE ANNUAL BUDGET, AND TAKING ACCOUNT OF the cumulative
amount expected to be received from recipients of each type of exemption
as payments in lieu of taxes or other payments for municipal services[,
and (c) the cumulative impact of all exemptions granted]. [Exemptions]
EXEMPTION CATEGORIES that result in an impact of less than one percent
ON THE FINAL ASSESSMENT ROLL may be aggregated as a single entry. In no
case shall an individual exemption recipient be named in the report.
2. Notice of this report shall be included [in] WITH any notice of the
preparation of the budget otherwise required by law. The report shall be
SEPARATELY posted on any bulletin board maintained by the budgeting
authority for public notices and on any website maintained by the budg-
eting authority. This report shall be [annexed to] RELEASED WITH any
tentative or preliminary budget and [shall become part of] the final
budget.
§ 2. This act shall take effect immediately.