Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to real property taxation |
Jan 09, 2013 |
referred to real property taxation |
Assembly Bill A1866
2013-2014 Legislative Session
Sponsored By
SCHIMEL
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
co-Sponsors
Charles Lavine
Ellen C. Jaffee
Thomas Abinanti
Michael G. Miller
2013-A1866 (ACTIVE) - Details
- See Senate Version of this Bill:
- S1488
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add Art 3-A ยง370, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A9577, S5872
2015-2016: A2031, S453
2017-2018: A8621, S1260
2019-2020: A146, S1914
2021-2022: A6050, S950
2013-A1866 (ACTIVE) - Summary
Relates to reductions of payments in lieu of taxes; provides that where such payment agreement is to be reduced due to a reassessment of the parcel of real property such agreement is related to, such reduction shall be phased in over 10 years if the reduction would negatively affect the revenues of a local government by more than 5%.
2013-A1866 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1866 2013-2014 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2013 ___________ Introduced by M. of A. SCHIMEL, LAVINE, JAFFEE, ABINANTI, MILLER -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to payment in lieu of taxes agreements 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 arti- cle 3-A to read as follows: ARTICLE 3-A PAYMENT IN LIEU OF TAXES AGREEMENTS SECTION 370. PAYMENT IN LIEU OF TAXES AGREEMENTS. S 370. PAYMENT IN LIEU OF TAXES AGREEMENTS. 1. FOR THE PURPOSES OF THIS SECTION: (A) "LOCAL GOVERNMENT" SHALL MEAN ANY MUNICIPAL CORPORATION AS DEFINED PURSUANT TO SECTION TWO OF THE GENERAL MUNICIPAL LAW OR ANY SCHOOL DISTRICT OR BOARD OF COOPERATIVE EDUCATIONAL SERVICES. (B) "PAYMENT IN LIEU OF TAXES AGREEMENT" OR "PILOT AGREEMENT" SHALL MEAN AN AGREEMENT ENTERED INTO BETWEEN A LOCAL GOVERNMENT AND ANOTHER PARTY WHEREBY SUCH OTHER PARTY COMPENSATES SUCH LOCAL GOVERNMENT FOR SOME OR ALL OF THE TAX REVENUE LOST DUE TO THE NATURE OF THE USE OR OWNERSHIP OF A PARCEL OF REAL PROPERTY BY SUCH OTHER PARTY. THE AMOUNT OF SUCH PAYMENT IN LIEU OF TAXES IS BASED ON AN ASSESSMENT OF SUCH PARCEL OF REAL PROPERTY. 2. IF THE AMOUNT OF ANY PAYMENT IN LIEU OF TAXES IS REDUCED, DUE TO A REASSESSMENT OF THE PARCEL OF REAL PROPERTY SUCH AGREEMENT IS RELATED TO, AND SUCH REDUCTION WOULD NEGATIVELY IMPACT THE TOTAL REVENUE OF ANY LOCAL GOVERNMENT BY MORE THAN FIVE PERCENT, SUCH REDUCTION IN PAYMENTS IN LIEU OF TAXES SHALL BE PHASED IN OVER A TEN YEAR PERIOD. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03300-01-3
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