senate Bill S92

2019-2020 Legislative Session

Relates to requiring an assessment of the direct and indirect property tax impact before awarding PILOT

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to local government
Jan 09, 2019 referred to local government

S92 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §859-a, Gen Muni L
Versions Introduced in Other Legislative Sessions:
2017-2018: S7258
2021-2022: S1541

S92 (ACTIVE) - Summary

Relates to requiring an assessment of the direct and indirect property tax impact before awarding PILOT financial assistance.

S92 (ACTIVE) - Sponsor Memo

S92 (ACTIVE) - Bill Text download pdf


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

                                   92

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by Sen. KAMINSKY -- 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, in relation to  requiring  an
  assessment  of  the  direct  and  indirect  property tax impact before
  awarding financial assistance

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

  Section  1.  Paragraph  (b)  of  subdivision 5 of section 859-a of the
general municipal law, as added by chapter 563 of the laws of  2015,  is
amended to read as follows:
  (b)  a written cost-benefit analysis by the agency that identifies the
extent to which a project  will  create  or  retain  permanent,  private
sector  jobs;  the estimated value of any tax exemptions to be provided;
THE ESTIMATED DIRECT  AND  INDIRECT  PROPERTY  TAX  IMPACT  OF  ANY  TAX
EXEMPTIONS,  INCLUDING  THE  INDIRECT IMPACT TO ENTITIES BENEFITING FROM
REVENUES DERIVED FROM PAYMENTS IN LIEU OF TAXES; the amount  of  private
sector  investment  generated  or likely to be generated by the proposed
project; the likelihood of accomplishing the proposed project in a time-
ly fashion; and the extent to which the proposed  project  will  provide
additional  sources  of revenue for municipalities and school districts;
and any other public benefits that  might  occur  as  a  result  of  the
project;
  § 2. Section 859-a of the general municipal law is amended by adding a
new subdivision 3-a to read as follows:
  3-A.  THE  AGENCY  MUST  PROVIDE  WRITTEN NOTICE OF THE PROJECT TO ANY
PERSON OR ENTITY WHO MAY BE IMPACTED BY SUCH PROJECT DUE  TO  THE  ESTI-
MATED  DIRECT  AND  INDIRECT  PROPERTY TAX IMPACT OF ANY TAX EXEMPTIONS,
INCLUDING THE INDIRECT IMPACT  TO  ENTITIES  BENEFITTING  FROM  REVENUES
DERIVED  FROM  PAYMENTS  IN  LIEU  OF  TAXES. SUCH NOTICE MUST CONTAIN A
GENERAL, FUNCTIONAL DESCRIPTION OF THE PROJECT, DESCRIBE THE PROSPECTIVE

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

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