Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to local government |
May 08, 2017 |
committee discharged and committed to local government |
Jan 04, 2017 |
referred to investigations and government operations |
Senate Bill S745
2017-2018 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, RFM) Senate District
(R, C, IP) Senate District
(R, C, IP, RFM) Senate District
2017-S745 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A732
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §532-a, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
A790
2011-2012: A425
2013-2014: S4605, A1079
2015-2016: S1821, A1026
2019-2020: A2089
2021-2022: A5219
2023-2024: A4303
2017-S745 (ACTIVE) - Sponsor Memo
BILL NUMBER: S745 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 providing that for any city, town, village, or fire district to be eligible for a new category of state aid at least 35 percent of the real property in the city, town, village, or fire district, by value, must be exempt from taxation. The funds available to assist eligible cities, towns, villages, or fire districts 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. Section 2 is the effective date.
2017-S745 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 745 2017-2018 Regular Sessions I N S E N A T E January 4, 2017 ___________ Introduced by Sens. RITCHIE, AKSHAR, SERINO, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations 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: § 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY CITY, TOWN, VILLAGE OR FIRE DISTRICT IN WHICH THE TOTAL AMOUNT OF TAX EXEMPT PROPER- TY REPRESENTS MORE THAN THIRTY-FIVE PERCENT, BY VALUE, OF THE TOTAL AMOUNT OF PROPERTY IN SUCH CITY, TOWN, VILLAGE OR FIRE DISTRICT, THE STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRIATION, AS FOLLOWS: 1. FIFTY PERCENT OF SUCH SUM SHALL BE PAID TO EACH ELIGIBLE CITY, TOWN, VILLAGE OR FIRE DISTRICT IN PROPORTION TO SUCH ENTITY'S POPULATION RELATIVE TO THE POPULATION OF ALL SUCH ELIGIBLE ENTITIES; AND 2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE OF TAX EXEMPT PROPERTY IN EACH ELIGIBLE CITY, TOWN, VILLAGE OR FIRE DISTRICT AS A PERCENTAGE OF THE VALUE OF ALL TAX EXEMPT PROPERTY IN ALL SUCH ELIGI- BLE ENTITIES. § 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. LBD02788-01-7
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