Senate Bill S5609

Signed By Governor
2019-2020 Legislative Session

Incorporates resource conservation, energy efficiency, green technologies, and alternative and renewable energy measures of project applicants into a uniform tax exemption policy

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Archive: Last Bill Status Via A1606 - Signed by Governor


  • 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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2019-S5609 (ACTIVE) - Details

See Assembly Version of this Bill:
A1606
Law Section:
General Municipal Law
Laws Affected:
Amd §874, Gen Muni L; amd §§1963-a & 2315, Pub Auth L
Versions Introduced in 2017-2018 Legislative Session:
A9799

2019-S5609 (ACTIVE) - Summary

Incorporates resource conservation, energy efficiency, green technologies, and alternative and renewable energy measures of project applicants into a uniform tax exemption policy.

2019-S5609 (ACTIVE) - Sponsor Memo

2019-S5609 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5609
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                May 8, 2019
                                ___________
 
 Introduced  by Sen. MARTINEZ -- 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  public  authorities
   law,  in relation to including the incorporation of resource conserva-
   tion, energy  efficiency,  green  technologies,  and  alternative  and
   renewable  energy  measures  in a project into a uniform tax exemption
   policy
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision 4 of section 874 of the gener-
 al  municipal  law,  as  amended  by chapter 357 of the laws of 1993, is
 amended to read as follows:
   (a) The agency shall establish a uniform tax  exemption  policy,  with
 input  from affected tax jurisdictions, which shall be applicable to the
 provision of financial assistance  pursuant  to  section  eight  hundred
 fifty-nine-a of this chapter and shall provide guidelines for the claim-
 ing  of  real  property,  mortgage  recording, and sales tax exemptions.
 Such guidelines  shall  include,  but  not  be  limited  to:  period  of
 exemption;   percentage  of  exemption;  types  of  projects  for  which
 exemptions can be claimed; procedures for payments in lieu of taxes  and
 instances  in  which  real  property appraisals are to be performed as a
 part of an application for tax exemption; in addition, agencies shall in
 adopting such policy consider such issues as:  the  extent  to  which  a
 project  will create or retain permanent, private sector jobs; the esti-
 mated value of any tax exemptions to be provided; whether  affected  tax
 jurisdictions  shall  be reimbursed by the project occupant if a project
 does not fulfill the purposes for which an exemption was  provided;  the
 impact  of  a  proposed  project on existing and proposed businesses and
 economic development projects in the vicinity;  the  amount  of  private
 sector  investment  generated  or likely to be generated by the proposed
 project; the demonstrated public support for the proposed  project;  the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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