Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2020 |
enacting clause stricken |
May 16, 2019 |
referred to corporations, authorities and commissions |
Assembly Bill A7698
2019-2020 Legislative Session
Sponsored By
RAIA
Archive: Last Bill Status - Stricken
- 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
Melissa Miller
2019-A7698 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5201
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §1020-f, Pub Auth L
2019-A7698 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7698 2019-2020 Regular Sessions I N A S S E M B L Y May 16, 2019 ___________ Introduced by M. of A. RAIA -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public authorities law, in relation to prohibiting the Long Island power authority from bringing a tax certiorari chal- lenge against a municipality; and providing for the repeal of certain provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. The legislature finds and declares that the Long Island power authority ("LIPA") took over the Long Island lighting company ("LILCO") in 1998. As part of that takeover, represen- tatives from both LILCO and LIPA made repeated public representations that LIPA would drop all outstanding tax certiorari challenges previous- ly initiated by LILCO, and would not challenge the assessments on its four "legacy" power plants ("plants") in the future. For over a decade LIPA adhered to its commitment. In 2010, however, LIPA brought suit against the county of Nassau, the towns of Brookhaven and Huntington, and the village of Port Jefferson ("the assessing municipalities"), alleging that the assessing municipalities have over valued the plants thereby seeking a reduction in their assessed value and a repayment of the over-taxes they paid. The legislature further finds that according to LIPA, if these tax certiorari challenges are successful against the assessing munici- palities, in addition to a significant reduction in the assessed value of each plant going forward, the "back-taxes" owed to it would be: $500,000,000 from Huntington; $200,000,000 from Nassau County; and $300,000,000 from Brookhaven/Port Jefferson. That refund would be borne by all taxpayers across the respective municipality, and would be due immediately. If the assessing municipalities lose at trial, in order to refund that exorbitant amount of money would require a massive increase in property taxes for residents in the respective municipality. In addi- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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