S T A T E O F N E W Y O R K
________________________________________________________________________
2670
2023-2024 Regular Sessions
I N A S S E M B L Y
January 26, 2023
___________
Introduced by M. of A. BLUMENCRANZ -- read once and referred to the
Committee on Ways and Means
AN ACT in relation to a study to document the fiscal implications of
repealing section 2 of chapter 851 of the laws of 1948
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Legislative intent. The legislature recognizes the need to
examine Nassau County's real property tax assessment process in accord-
ance with current law. Annually, Nassau County handles the assessment
process and are therefore liable for grievances. This has led to the
County owing a significant amount of funding from those grievances. This
is commonly referred to as the County Guaranty and was originally
authorized by the state in a time when rising property values and taxes
were not an issue. This bill is designed to call on the department of
taxation and finance to study the current real property tax system in
Nassau County. The intent would be to determine whether or not giving
the assessing authority and grievance responsibility to local taxing
jurisdictions within the County is more feasible.
§ 2. The New York state department of taxation and finance is hereby
authorized and directed to conduct a comprehensive study documenting the
fiscal implications of shifting assessment responsibilities from Nassau
County, as authorized by chapter 879 of the laws of 1936 and repealing
section 2 of chapter 851 of the laws of 1948. Such fiscal implications
shall include, but not be limited to, the direct financial impact such
shift and repeal will have on towns in such county. The results of the
study shall be published no later than one year following the effective
date of this act. A copy of the results of such study shall be submitted
to the governor, the temporary president of the senate, and the speaker
of the assembly.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06908-01-3