Assembly Bill A6628

2023-2024 Legislative Session

Relates to certain payments in lieu of taxes for the Long Island power authority

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

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2023-A6628 (ACTIVE) - Details

See Senate Version of this Bill:
S6503
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd §§1020-q & 1020-p, Pub Auth L

2023-A6628 (ACTIVE) - Summary

Provides that a payment in lieu of taxes shall be equal to no more than two percent of the increase in total tax rate for the current tax year over the total tax rate of the prior tax year, if any, based upon the assessed value as reflected on the final assessment roll of the current tax year.

2023-A6628 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6628
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 25, 2023
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Corporations, Authorities and Commissions
 
 AN  ACT  to  amend  the  public  authorities law, in relation to certain
   payments in lieu of taxes
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subdivision 1 of section 1020-q of the public authorities
 law, as amended by section 8 of part A of chapter 173  of  the  laws  of
 2013, is amended to read as follows:
   1.  Each year after property theretofore owned by LILCO is acquired by
 the authority by any means authorized by this title  and,  as  a  conse-
 quence,  is [removed from the tax rolls] SET FORTH ON ROLL SECTION EIGHT
 OR OTHERWISE CODED AS EXEMPT ON ROLL SECTIONS FIVE AND SIX  OF  A  FINAL
 ASSESSMENT  ROLL,  the authority shall make payments in lieu of taxes IN
 ACCORDANCE WITH THE PROVISIONS OF THIS  SECTION  to  municipalities  and
 school  districts  equal  to  the taxes and assessments which would have
 been received from year to year by each such jurisdiction if such acqui-
 sition had not occurred, provided, however, that for the [calendar]  TAX
 year  starting on OR AFTER January first, two thousand [fifteen] TWENTY-
 ONE, and for each [calendar] TAX year thereafter, such payments in  lieu
 of  taxes  shall  [not  exceed  the in lieu of tax payments made to such
 municipalities and school districts in the immediately preceding year by
 more than two percent] EQUAL TO NO MORE THAN TWO PERCENT OF THE INCREASE
 IN TOTAL TAX RATE FOR THE CURRENT TAX YEAR OVER THE TOTAL  TAX  RATE  OF
 THE  PRIOR  TAX YEAR, IF ANY, BASED UPON THE ASSESSED VALUE AS REFLECTED
 ON THE FINAL ASSESSMENT ROLL OF THE CURRENT TAX YEAR. IN SUFFOLK COUNTY,
 NOTWITHSTANDING ANY OTHER PROVISIONS OF LAW TO THE  CONTRARY,  INCLUDING
 THE  SUFFOLK  COUNTY  TAX ACT, EACH TOWN SHALL PREPARE AND FORWARD PILOT
 STATEMENTS TO LIPA, AND SHALL ALSO COLLECT AND DISTRIBUTE  ALL  PAYMENTS
 IN LIEU OF TAX FROM LIPA AS IF SUCH PAYMENTS WERE TAXES.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10804-01-3
 A. 6628                             2
              

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