Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to finance |
Mar 26, 2019 |
print number 2852a |
Mar 26, 2019 |
amend and recommit to finance |
Jan 30, 2019 |
referred to finance |
Senate Bill S2852A
2019-2020 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Bill Amendments
co-Sponsors
(R) Senate District
(D) Senate District
2019-S2852 - Details
- Current Committee:
- Senate Finance
- Law Section:
- New York State Urban Development and Research Corp. Act
- Laws Affected:
- Amd Part C Subpart H §1, Chap 20 of 2015
- Versions Introduced in 2017-2018 Legislative Session:
-
S8235
2019-S2852 - Summary
Authorizes funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements resulting in loss of tax revenues or increased tax levies of over twenty percent or in regards to a settlement agreement, a reduction in real property taxes or a payment in lieu of taxes of at least twenty percent in the aggregate over the term of such settlement agreement; and permits the establishment of tax certiorari stabilization reserve funds.
2019-S2852 - Sponsor Memo
BILL NUMBER: S2852 SPONSOR: FLANAGAN TITLE OF BILL: An act to amend subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to authorizing funds in the case of certain tax certiorari challenges or agreed upon settlements; and to permit certain boards of education to establish a tax certiorari stabilization reserve fund PURPOSE: To allow municipalities and school districts that either face judgments or agree to settlements with LIPA from its tax certiorari challenges to access the electric generating facility cessation mitigation program and to allow the school districts that would be impacted by any judgment or settlement between the municipalities and LIPA to receive funds from the same program.
2019-S2852 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2852 2019-2020 Regular Sessions I N S E N A T E January 30, 2019 ___________ Introduced by Sens. FLANAGAN, LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to authorizing funds in the case of certain tax certiorari challenges or agreed upon settlements; and to permit certain boards of education to establish a tax certiorari stabilization reserve fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corpo- rations and school districts, as amended by section 1 of part AAA of chapter 59 of the laws of 2018, is amended to read as follows: Section 1. Contingent upon available funding, and not to exceed $69,000,000 moneys from the urban development corporation shall be available for a local government entity, which for the purposes of this section shall mean a county, city, town, village, school district or special district, where (i) on or after June 25, 2015, an electric generating facility located within such local government entity has ceased operations, and (ii) the closing of such facility has caused a reduction in the real property tax collections or payments in lieu of taxes of at least twenty percent owed by such electric generating facil- ity; OR WHERE, ON OR AFTER APRIL 1, 2019, A SUCCESSFUL TAX CERTIORARI CHALLENGE OR AN AGREED UPON SETTLEMENT TO THE ASSESSMENT OF AN ELECTRIC GENERATING FACILITY BY THE LONG ISLAND POWER AUTHORITY HAS RESULTED IN EITHER A REDUCTION IN THE REAL PROPERTY TAX COLLECTIONS OR PAYMENTS IN LIEU OF TAXES OF AT LEAST TWENTY PERCENT, OR IN REGARDS TO A SETTLEMENT AGREEMENT A REDUCTION IN REAL PROPERTY TAXES OR PAYMENTS IN LIEU OF TAXES OF AT LEAST TWENTY PERCENT IN THE AGGREGATE OVER THE TERM OF THE SETTLEMENT AGREEMENT, OWED BY SUCH ELECTRIC GENERATING FACILITY OR HAS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R) Senate District
(D) Senate District
2019-S2852A (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- New York State Urban Development and Research Corp. Act
- Laws Affected:
- Amd Part C Subpart H §1, Chap 20 of 2015
- Versions Introduced in 2017-2018 Legislative Session:
-
S8235
2019-S2852A (ACTIVE) - Summary
Authorizes funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements resulting in loss of tax revenues or increased tax levies of over twenty percent or in regards to a settlement agreement, a reduction in real property taxes or a payment in lieu of taxes of at least twenty percent in the aggregate over the term of such settlement agreement; and permits the establishment of tax certiorari stabilization reserve funds.
2019-S2852A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2852A SPONSOR: FLANAGAN TITLE OF BILL: An act to amend subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to authorizing funds in the case of certain tax certiorari challenges or agreed upon settle- ments; and to permit certain boards of education to establish a tax certiorari stabilization reserve fund PURPOSE: To allow municipalities and school districts that either face judgments or agree to settlements with LIPA from its tax certiorari challenges to access the electric generating facility cessation mitigation program and to allow the school districts that would be impacted by any judgment or settlement between the municipalities and LIPA to receive funds from the same program. SUMMARY OF PROVISIONS:
2019-S2852A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2852--A 2019-2020 Regular Sessions I N S E N A T E January 30, 2019 ___________ Introduced by Sens. FLANAGAN, LAVALLE, GAUGHRAN -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to authorizing funds in the case of certain tax certiorari challenges or agreed upon settlements; and to permit certain boards of education to establish a tax certiorari stabilization reserve fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corpo- rations and school districts, as amended by section 1 of part AAA of chapter 59 of the laws of 2018, is amended to read as follows: Section 1. Contingent upon available funding, and not to exceed $69,000,000 moneys from the urban development corporation shall be available for a local government entity, which for the purposes of this section shall mean a county, city, town, village, school district or special district, where (i) on or after June 25, 2015, an electric generating facility located within such local government entity has ceased operations, and (ii) the closing of such facility has caused a reduction in the real property tax collections or payments in lieu of taxes of at least twenty percent owed by such electric generating facil- ity; OR WHERE, ON OR AFTER APRIL 1, 2018, A SUCCESSFUL TAX CERTIORARI CHALLENGE OR AN AGREED UPON SETTLEMENT TO THE ASSESSMENT OF AN ELECTRIC GENERATING FACILITY BY THE LONG ISLAND POWER AUTHORITY HAS RESULTED IN EITHER A REDUCTION IN THE REAL PROPERTY TAX COLLECTIONS OR PAYMENTS IN LIEU OF TAXES OF AT LEAST TWENTY PERCENT, OR IN REGARDS TO A SETTLEMENT AGREEMENT A REDUCTION IN REAL PROPERTY TAXES OR PAYMENTS IN LIEU OF EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.