S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    141
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Real Property Taxation
 
 AN  ACT  to amend the real property tax law, in relation to the prepara-
   tion of exemption reports for local municipalities

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivisions  1 and 2 of section 495 of the real property
 tax law, as added by chapter 258 of the laws of 2008, and subdivision  1
 as  further amended by subdivision (b) of section 1 of part W of chapter
 56 of the laws of 2010, are amended to read as follows:
   1. Whenever a county,  city,  town,  village  or  school  district  is
 required to prepare an annual budget, the official required to prepare a
 tentative  or  preliminary version of that budget shall [annex thereto],
 IN ADDITION, PREPARE an exemption report. This report  shall  be  [on  a
 form  prescribed  by  the  commissioner  and] ORGANIZED IN ACCORD WITH A
 TEMPLATE AND WITHIN CATEGORIES PROVIDED BY THE COMMISSIONER,  SPECIFYING
 GROUPS  OF PERSONS OR INSTITUTIONS BENEFITED BY ANY EXEMPTION CREATED BY
 STATUTORY OR CONSTITUTIONAL PROVISION, AND SHALL BE LINKED BY  REFERENCE
 TO  RELATED  PROGRAMS OR CATEGORIES IN THE BUDGET OF THE LOCAL JURISDIC-
 TION FOR THAT YEAR. SUCH REPORT shall show [how much of the  total]  THE
 PRESENCE OR ABSENCE OF LOCAL CHOICE IN GRANTING THE EXEMPTION, AND SPEC-
 IFY  BY  CATEGORY  AND  IN  TOTAL THE assessed value THAT IS EXEMPT FROM
 TAXATION on the final assessment roll or rolls used  in  that  budgetary
 process  [is  exempt from taxation. This report shall list every type of
 exemption granted, identified by statutory authority, and shall show (a)
 the cumulative impact of each type of exemption expressed  either  as  a
 dollar amount of assessed value or as a percentage of the total assessed
 value  on  the  roll,  (b)], THE PERCENTAGE THAT EACH CATEGORY OF EXEMPT
 PROPERTY COMPRISES OF THE TOTAL ASSESSMENT ROLL, THE NET REVENUE FORGONE
 AS A RESULT OF EACH CATEGORY OF EXEMPTION AND IN TOTAL, AND  THE  EFFECT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD03127-01-9

 A. 141                              2
 
 ON  THE LOCAL TAX OBLIGATION FOR A SINGLE FAMILY RESIDENTIAL PROPERTY OF
 AVERAGE VALUE IN THE JURISDICTION IF  THE  CATEGORY  OF  EXEMPTION  WERE
 REMOVED,  CALCULATED ON THE BASIS OF THE AMOUNT TO BE RAISED BY TAXATION
 AND  TAX RATE OR RATES ADOPTED BY THE JURISDICTION'S GOVERNING BOARD FOR
 USE IN FUNDING THE ANNUAL BUDGET, AND TAKING ACCOUNT OF  the  cumulative
 amount expected to be received from recipients of each type of exemption
 as  payments in lieu of taxes or other payments for municipal services[,
 and (c) the cumulative impact of all exemptions granted].   [Exemptions]
 EXEMPTION  CATEGORIES  that result in an impact of less than one percent
 ON THE FINAL ASSESSMENT ROLL may be aggregated as a single entry.  In no
 case shall an individual exemption recipient be named in the report.
   2. Notice of this report shall be included [in] WITH any notice of the
 preparation of the budget otherwise required by law. The report shall be
 SEPARATELY posted on any bulletin  board  maintained  by  the  budgeting
 authority  for public notices and on any website maintained by the budg-
 eting authority.  This report shall be [annexed to]  RELEASED  WITH  any
 tentative  or  preliminary  budget  and [shall become part of] the final
 budget.
   § 2. This act shall take effect immediately.