Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to energy and telecommunications |
May 16, 2019 |
referred to energy and telecommunications |
Senate Bill S6003
2019-2020 Legislative Session
Sponsored By
(D, WF) 4th Senate District
Archive: Last Bill Status - In Senate Committee Energy And Telecommunications 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
Actions
2019-S6003 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7802
- Current Committee:
- Senate Energy And Telecommunications
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §1020-q, Pub Auth L
- Versions Introduced in 2021-2022 Legislative Session:
-
A7422
2019-S6003 (ACTIVE) - Summary
Provides that for the tax year starting December 1, 2020, payments in lieu of taxes shall not equal more than two percent of the increase in total tax rate for the current tax year over the total tax rate of the prior tax year, if any, based upon the assessed value as reflected on the final assessment roll of the current tax year.
2019-S6003 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6003 SPONSOR: MARTINEZ TITLE OF BILL: An act to amend the public authorities law, in relation to payments in lieu of taxes PURPOSE: This legislation will include special franchise values in the calcu- lation. of LIPA's PILOT payments beginning December 1, 2020. SUMMARY OF PROVISIONS: Section 1. Amend the public authorities law to allow payments in lieu of taxes after December 1, 2020 to include assessments of special franchise values. Section 2. Effective Date.
2019-S6003 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6003 2019-2020 Regular Sessions I N S E N A T E May 16, 2019 ___________ Introduced by Sen. MARTINEZ -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Telecommuni- cations AN ACT to amend the public authorities 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. Subdivision 1 of section 1020-q of the public authorities law, as amended by section 8 of part A of chapter 173 of the laws of 2013, is amended to read as follows: 1. Each year after property theretofore owned by LILCO is acquired by the authority by any means authorized by this title and, as a conse- quence, is removed from the tax rolls, the authority shall make payments in lieu of taxes to municipalities and school districts equal to the taxes and assessments which would have been received from year to year by each such jurisdiction if such acquisition had not occurred, provided, however, that for the [calendar] TAX year starting on [Janu- ary] DECEMBER first, two thousand [fifteen] TWENTY, and for each [calen- dar] TAX year thereafter, such payments in lieu of taxes shall [not exceed the in lieu of tax payments made to such municipalities and school districts in the immediately preceding year by more than two percent] EQUAL NO MORE THAN TWO PERCENT OF THE INCREASE IN TOTAL TAX RATE FOR THE CURRENT TAX YEAR OVER THE TOTAL TAX RATE OF THE PRIOR TAX YEAR, IF ANY, BASED UPON THE ASSESSED VALUE AS REFLECTED ON THE FINAL ASSESSMENT ROLL OF THE CURRENT TAX YEAR. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11579-01-9
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