senate Bill S1541

2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

Current 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 13, 2021 referred to local government

S1541 (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
2019-2020: S92

S1541 (ACTIVE) - Summary

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

S1541 (ACTIVE) - Sponsor Memo

S1541 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1541
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2021
                                ___________
 
 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
 LOCATION OF THE PROJECT, IDENTIFY THE INITIAL OWNER, OPERATOR OR MANAGER
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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