Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to local government |
Jan 12, 2009 |
referred to local government |
Senate Bill S690
2009-2010 Legislative Session
Sponsored By
(R, C, IP) 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
co-Sponsors
(R, C, IP) Senate District
(R, C, IP, RFM) Senate District
2009-S690 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยงยง480 & 480-a, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S1491
2013-2014: S1004
2015-2016: S820
2017-2018: S2043
2009-S690 (ACTIVE) - Summary
Authorizes a procedure whereby the chief executive officer of a municipal corporation in which there is located privately owned forest lands which are exempt from real property taxes to make application to the state for reimbursement for revenues lost as a result of such exemption.
2009-S690 (ACTIVE) - Sponsor Memo
BILL NUMBER: S690 TITLE OF BILL : An act to amend the real property tax law, in relation to the assessment of private forest lands and to provide state assistance to municipal corporations relating thereto PURPOSE : This bill will provide for full state reimbursement to local taxing jurisdictions for any tax revenue losses brought about by certain forest land exemptions, SUMMARY OF PROVISIONS : Provides that the chief executive officer of a municipal corporation may apply for State aid if the cumulative value of forest lands under sections 480 and 480-a of the real property tax law is less than its fully equalized value were section 480 and 480-a not applicable. EXISTING LAW : Sections 480 and 480-a of the real property tax law provide for a significant reduction in the amount of taxes paid on forested lands. The law does not, however, provide for full state reimbursement to local taxing jurisdictions as a result of forest land tax exemptions. JUSTIFICATION :
2009-S690 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 690 2009-2010 Regular Sessions I N S E N A T E January 12, 2009 ___________ Introduced by Sens. LITTLE, BONACIC, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to the assessment of private forest lands and to provide state assistance to municipal corporations relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 480 of the real property tax law is amended by adding a new subdivision 10 to read as follows: 10. (A) THE CHIEF EXECUTIVE OFFICER OF A MUNICIPAL CORPORATION IN WHICH THERE ARE PRIVATELY OWNED FOREST LANDS WHICH ARE ASSESSED IN ACCORDANCE WITH THE PROVISIONS OF SUBDIVISION THREE OF THIS SECTION MAY MAKE APPLICATION FOR STATE ASSISTANCE AS PROVIDED IN THIS SUBDIVISION. (B) APPLICATION FOR STATE ASSISTANCE PURSUANT TO THIS SUBDIVISION SHALL BE MADE ON A FORM PRESCRIBED BY THE STATE BOARD AND SHALL CONTAIN SUCH INFORMATION AND DOCUMENTATION AS MAY BE REQUIRED BY THE STATE BOARD AND THE STATE BOARD MAY PROMULGATE RULES AND REGULATIONS NECESSARY TO THE IMPLEMENTATION OF THIS SUBDIVISION. (C) UPON RECEIPT OF THE APPLICATION FOR STATE ASSISTANCE, SUCH PRIVATE FOREST LANDS SHALL BE VALUED BY THE STATE BOARD AND THE CUMULATIVE VALUE OF ALL SUCH LANDS SHALL BE EQUALIZED BY APPLYING THERETO THE APPROPRIATE STATE EQUALIZATION RATE OR SPECIAL EQUALIZATION RATE ESTABLISHED IN ACCORDANCE WITH THE RULES OF THE STATE BOARD. (D) IF THE CUMULATIVE VALUE DETERMINED AND EQUALIZED PURSUANT TO PARA- GRAPH (C) OF THIS SUBDIVISION EXCEEDS THE TAXABLE ASSESSED VALUATION OF SUCH PROPERTY ON THE PRECEDING ASSESSMENT ROLL, AS REQUIRED BY SUBDIVI- SION THREE OF THIS SECTION THE STATE BOARD SHALL COMPUTE THE AMOUNT OF STATE ASSISTANCE PAYABLE TO OR FOR THE BENEFIT OF EACH MUNICIPAL CORPO- RATION BY APPLYING TO THE AMOUNT OF THE EXCESS THE APPROPRIATE TAX RATE OF THE MUNICIPAL CORPORATION AND SUCH AMOUNT SHALL BE PAID ON AUDIT AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00107-02-9
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