Senate Bill S2852A

2019-2020 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 - 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

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Bill Amendments

co-Sponsors

2019-S2852 - Details

Current Committee:
Senate Finance
Law Section:
New York State Urban Development and Research Corp. Act
Laws Affected:
Amd Part C Subpart H §1, Chap 20 of 2015
Versions Introduced in 2019-2020 Legislative Session:
S2852

2019-S2852 - 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.

2019-S2852 - Sponsor Memo

2019-S2852 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2852
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2019
                                ___________
 
 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  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, 2019, 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2019-S2852A (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
New York State Urban Development and Research Corp. Act
Laws Affected:
Amd Part C Subpart H §1, Chap 20 of 2015
Versions Introduced in 2019-2020 Legislative Session:
S2852

2019-S2852A (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.

2019-S2852A (ACTIVE) - Sponsor Memo

2019-S2852A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2852--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2019
                                ___________
 
 Introduced  by  Sens.  FLANAGAN,  LAVALLE,  GAUGHRAN  --  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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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