Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 08, 2014 |
referred to local government |
Apr 15, 2013 |
referred to local government |
Senate Bill S4605
2013-2014 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
2013-S4605 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1079
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add ยง532-a, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
A790
2011-2012: A425
2015-2016: S1821, A1026
2017-2018: S745, A732
2019-2020: A2089
2021-2022: A5219
2023-2024: A4303
2013-S4605 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4605 TITLE OF BILL: An act to amend the real property tax law, in relation to state aid for certain towns adversely affected by a concentration of tax exempt property PURPOSE: This bill creates a new category of state aid for certain towns based on the amount of tax exempt property in their jurisdiction. SUMMARY OF PROVISIONS: Section 1 amends the Real Property Tax Law by adding a new Section 532-a. This section provides that for a town to be eligible for a new category of state aid at least 35 percent of the real property in the town, by value, must be exempt from taxation. The funds available to assist eligible towns are allocated based on a formula. Fifty percent of the distribution is based on the town's population. The remaining 50 percent is based on the amount of tax exempt property in the town. JUSTIFICATION: Real property taxes are the main way local governments are able to raise revenue and provide necessary services to the residents of their town, When a large concentration, over 35 percent by value, of the property in a town is exempt from taxation, there is a significant portion of town land for which real property taxes cannot be collected to support the services provided by the town. This significantly reduces the property tax base and limits the number
2013-S4605 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4605 2013-2014 Regular Sessions I N S E N A T E April 15, 2013 ___________ Introduced by Sen. RITCHIE -- 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 state aid for certain towns adversely affected by a concentration of tax exempt property THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 532-a to read as follows: S 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY TOWN IN WHICH THE TOTAL AMOUNT OF TAX EXEMPT PROPERTY REPRESENTS MORE THAN THIRTY-FIVE PERCENT, BY VALUE, OF THE TOTAL AMOUNT OF PROPERTY IN SUCH TOWN, THE STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRIATION, AS FOLLOWS: 1. FIFTY PERCENT OF SUCH SUM SHALL BE PAID TO EACH ELIGIBLE TOWN IN PROPORTION TO SUCH TOWN'S POPULATION RELATIVE TO THE POPULATION OF ALL ELIGIBLE TOWNS; AND 2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE OF TAX EXEMPT PROPERTY IN EACH ELIGIBLE TOWN AS A PERCENTAGE OF THE VALUE OF ALL TAX EXEMPT PROPERTY IN ALL ELIGIBLE TOWNS. S 2. This act shall take effect immediately and shall apply to assess- ment rolls prepared on the basis of taxable status dates occurring on and after the date on which this act shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02379-01-3
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