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

Current Bill Status - In Senate Committee Finance 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 (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 26, 2019 print number 2852a
Mar 26, 2019 amend and recommit to finance
Jan 30, 2019 referred to finance

Co-Sponsors

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 2017-2018 Legislative Session:
S8235

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.

S2852 - Sponsor Memo

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

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 2017-2018 Legislative Session:
S8235

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.

S2852A (ACTIVE) - Sponsor Memo

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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