Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 08, 2022 |
print number 8331a |
Mar 08, 2022 |
amend (t) and recommit to local government |
Feb 15, 2022 |
referred to local government |
Senate Bill S8331A
2021-2022 Legislative Session
Sponsored By
(D, WF) 56th Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
Bill Amendments
2021-S8331 - Details
- See Assembly Version of this Bill:
- A9850
- Current Committee:
- Senate Local Government
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §3-c, Gen Muni L
- Versions Introduced in 2023-2024 Legislative Session:
-
S1020
2021-S8331 - Sponsor Memo
BILL NUMBER: S8331 SPONSOR: COONEY TITLE OF BILL: An act to amend the general municipal law, in relation to capital tax levies to support local tax expenditures SUMMARY OF SPECIFIC PROVISIONS: Section one amends subdivision 2 of section 3-c of the general municipal law to add local capital expenditures to the list of exclusions from the property tax cap calculation. Provides definitions for "local capital expenditure" and "capital tax levy." Section two is the effective date. JUSTIFICATION: The federal government has provided new funds to municipalities to invest in critical infrastructure projects through the American Rescue Plan Act and the Infrastructure Investment and Jobs Act. In response to
2021-S8331 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8331 I N S E N A T E February 15, 2022 ___________ Introduced by Sen. COONEY -- 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 capital tax levies to support local tax expenditures THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (g) of subdivision 2 of section 3-c of the gener- al municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended and two new paragraphs (i) and (j) are added to read as follows: (g) "Tax levy limit" means the amount of taxes authorized to be levied by or on behalf of a local government pursuant to this section, provided, however, that the tax levy limit shall not include the follow- ing: (i) a tax levy necessary for expenditures resulting from court orders or judgments against the local government arising out of tort actions for any amount that exceeds five percent of the total tax levied in the prior fiscal year; (ii) in years in which the system average actuarial contribution rate of the New York state and local employees' retirement system, as defined by paragraph ten of subdivision a of section nineteen-a of the retire- ment and social security law, increases by more than two percentage points from the previous year, a tax levy necessary for expenditures for the coming fiscal year for local government employer contributions to the New York state and local employees' retirement system caused by growth in the system average actuarial contribution rate minus two percentage points; (iii) in years in which the system average actuarial contribution rate of the New York state and local police and fire retirement system, as defined by paragraph eleven of subdivision a of section three hundred nineteen-a of the retirement and social security law, increases by more than two percentage points from the previous year, a tax levy necessary for expenditures for the coming fiscal year for local government employ- er contributions to the New York state and local police and fire retire- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2021-S8331A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9850
- Current Committee:
- Senate Local Government
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §3-c, Gen Muni L
- Versions Introduced in 2023-2024 Legislative Session:
-
S1020
2021-S8331A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8331A SPONSOR: COONEY TITLE OF BILL: An act to amend the general municipal law, in relation to capital tax levies to support local tax expenditures; and providing for the repeal of such provisions upon expiration thereof SUMMARY OF PROVISIONS: Section one amends subdivision 2 of section 3-c of the general municipal law to add local capital expenditures to the list of exclusions from the property tax cap calculation. Provides definitions for "local capital expenditure" and "capital tax levy." Section two is the effective date. JUSTIFICATION: The federal government has provided new funds to municipalities to invest in critical infrastructure projects through the American Rescue
2021-S8331A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8331--A I N S E N A T E February 15, 2022 ___________ Introduced by Sen. COONEY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general municipal law, in relation to capital tax levies to support local tax expenditures; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (g) of subdivision 2 of section 3-c of the gener- al municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended and two new paragraphs (i) and (j) are added to read as follows: (g) "Tax levy limit" means the amount of taxes authorized to be levied by or on behalf of a local government pursuant to this section, provided, however, that the tax levy limit shall not include the follow- ing: (i) a tax levy necessary for expenditures resulting from court orders or judgments against the local government arising out of tort actions for any amount that exceeds five percent of the total tax levied in the prior fiscal year; (ii) in years in which the system average actuarial contribution rate of the New York state and local employees' retirement system, as defined by paragraph ten of subdivision a of section nineteen-a of the retire- ment and social security law, increases by more than two percentage points from the previous year, a tax levy necessary for expenditures for the coming fiscal year for local government employer contributions to the New York state and local employees' retirement system caused by growth in the system average actuarial contribution rate minus two percentage points; (iii) in years in which the system average actuarial contribution rate of the New York state and local police and fire retirement system, as defined by paragraph eleven of subdivision a of section three hundred nineteen-a of the retirement and social security law, increases by more EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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