Assembly Bill A7295

2021-2022 Legislative Session

Relates to requiring certain notifications regarding PILOT agreements with industrial development agencies

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S4471 - Passed Assembly

  • 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

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Bill Amendments

2021-A7295 - Details

Law Section:
General Municipal Law
Laws Affected:
Amd §858, Gen Muni L; amd §§1953 & 2306, Pub Auth L
Versions Introduced in 2019-2020 Legislative Session:
A10930

2021-A7295 - Summary

Requires notification of the expiration of a PILOT agreement to be delivered to the affected tax jurisdiction within two years of the expiration of such agreement or immediately upon early termination.

2021-A7295 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7295
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 4, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Local Governments
 
 AN  ACT  to  amend  the general municipal law and the public authorities
   law, in relation to certain notifications regarding agreements requir-
   ing payments in lieu of taxes
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 15 of section 858 of the general municipal law,
 as  added  by  chapter  356  of  the laws of 1993, is amended to read as
 follows:
   (15) To enter into agreements requiring payments  in  lieu  of  taxes.
 Such agreements shall be in writing and in addition to other terms shall
 contain: the amount due annually to each affected tax jurisdiction (or a
 formula by which the amount due can be calculated), the name and address
 of the person, office or agency to which payment shall be delivered, the
 date on which payment shall be made, and the date on which payment shall
 be  considered  delinquent  if  not paid. Unless otherwise agreed by the
 affected tax  jurisdictions,  any  such  agreement  shall  provide  that
 payments  in  lieu of taxes shall be allocated among affected tax juris-
 dictions in proportion to the amount of  real  property  tax  and  other
 taxes  which  would have been received by each affected tax jurisdiction
 had the project not been tax exempt due to  the  status  of  the  agency
 involved in the project. A copy of any such agreement shall be delivered
 to  each  affected  tax  jurisdiction within fifteen days of signing the
 agreement. In the absence of any such  written  agreement,  payments  in
 lieu  of  taxes  made  by  an  agency  shall  be  allocated  in the same
 proportions as they had been prior to January  first,  nineteen  hundred
 ninety-three  for  so  long  as the agency's activities render a project
 non-taxable by affected tax jurisdictions. A NOTIFICATION OF THE EXPIRA-
 TION OF SUCH AGREEMENT SHALL BE DELIVERED TO THE AFFECTED TAX  JURISDIC-

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05833-01-1

co-Sponsors

2021-A7295A (ACTIVE) - Details

Law Section:
General Municipal Law
Laws Affected:
Amd §858, Gen Muni L; amd §§1953 & 2306, Pub Auth L
Versions Introduced in 2019-2020 Legislative Session:
A10930

2021-A7295A (ACTIVE) - Summary

Requires notification of the expiration of a PILOT agreement to be delivered to the affected tax jurisdiction within two years of the expiration of such agreement or immediately upon early termination.

2021-A7295A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7295--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                May 4, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on  Local  Governments  -- committee discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the general municipal law  and  the  public  authorities
   law, in relation to certain notifications regarding agreements requir-
   ing payments in lieu of taxes
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 15 of section 858 of the general municipal law,
 as added by chapter 356 of the laws of  1993,  is  amended  to  read  as
 follows:
   (15)  To  enter  into  agreements requiring payments in lieu of taxes.
 Such agreements shall be in writing and in addition to other terms shall
 contain: the amount due annually to each affected tax jurisdiction (or a
 formula by which the amount due can be calculated), the name and address
 of the person, office or agency to which payment shall be delivered, the
 date on which payment shall be made, and the date on which payment shall
 be considered delinquent if not paid. Unless  otherwise  agreed  by  the
 affected  tax  jurisdictions,  any  such  agreement  shall  provide that
 payments in lieu of taxes shall be allocated among affected  tax  juris-
 dictions  in  proportion  to  the  amount of real property tax and other
 taxes which would have been received by each affected  tax  jurisdiction
 had  the  project  not  been  tax exempt due to the status of the agency
 involved in the project. A copy of any such agreement shall be delivered
 to each affected tax jurisdiction within fifteen  days  of  signing  the
 agreement.  In  the  absence  of any such written agreement, payments in
 lieu of taxes  made  by  an  agency  shall  be  allocated  in  the  same
 proportions  as  they  had been prior to January first, nineteen hundred
 ninety-three for so long as the agency's  activities  render  a  project
 non-taxable by affected tax jurisdictions. A NOTIFICATION OF THE EXPIRA-
 TION  OF SUCH AGREEMENT SHALL BE DELIVERED TO THE AFFECTED TAX JURISDIC-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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