Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 17, 2014 |
referred to real property taxation |
Assembly Bill A8511
2013-2014 Legislative Session
Sponsored By
SKARTADOS
Archive: Last 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
Actions
2013-A8511 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Education Law
- Laws Affected:
- Amd ยง3602, Ed L
- Versions Introduced in 2015-2016 Legislative Session:
-
A330
2013-A8511 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8511 I N A S S E M B L Y January 17, 2014 ___________ Introduced by M. of A. SKARTADOS -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the education law, in relation to actual valuation for state education aid purposes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph c of subdivision 1 of section 3602 of the educa- tion law, as amended by section 11 of part B of chapter 57 of the laws of 2007, is amended to read as follows: c. "Actual valuation" shall mean the valuation of taxable real proper- ty in a school district obtained by taking the assessed valuation of taxable real property within such district as it appears upon the assessment roll of the town, city, village, or county in which such property is located, for the calendar year [two years prior to the calendar year] in which the base year commenced, after revision as provided by law, and dividing it by the state equalization rate as determined by the state board of equalization and assessment, for the assessment roll of such town, city, village, or county completed during such preceding calendar year. The actual valuation of a central high school district shall be the sum of such valuations of its component districts. Such actual valuation shall include any actual valuation equivalent of payments in lieu of taxes determined pursuant to section four hundred eighty-five of the real property tax law. "Selected actual valuation" shall mean the lesser of actual valuation calculated for aid payable in the current year or the two-year average of the actual valu- ation calculated for aid payable in the current year and the actual valuation calculated for aid payable in the base year. S 2. This act shall take effect July 1, 2014. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07138-04-3
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