Bill Text: NY A08825 | 2013-2014 | General Assembly | Amended

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Bill Title: Extends the real property tax exemption for nuclear powered electric generating facilities to 2031.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2014-04-21 - enacting clause stricken [A08825 Detail]

Download: New_York-2013-A08825-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        8825--A
                                 I N  A S S E M B L Y
                                   February 19, 2014
                                      ___________
       Introduced  by  M.  of A. BARCLAY, OAKS -- read once and referred to the
         Committee on Real Property  Taxation  --  committee  discharged,  bill
         amended,  ordered reprinted as amended and recommitted to said commit-
         tee
       AN ACT to amend the real property  tax  law,  in  relation  to  the  tax
         exemption for nuclear powered electric generating facilities
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (e) of subdivision 2 of section 485 of  the  real
    2  property  tax  law,  as  added  by chapter 87 of the laws of 2001 and as
    3  further amended by subdivision (b) of section 1 of part W of chapter  56
    4  of the laws of 2010, is amended to read as follows:
    5    (e) For assessment rolls with taxable status dates on or after January
    6  first, two thousand [sixteen] THIRTY-ONE, or such earlier year as may be
    7  specified  in  the  local  law  or  resolution authorizing the exemption
    8  [(provided that the term of the exemption shall not be  reduced  thereby
    9  to  less than five years)], the exemption provided by this section shall
   10  no longer apply and any agreement for payments in lieu of taxes for  any
   11  facility  theretofore exempt pursuant to this section shall no longer be
   12  in effect. Upon the  request  of  the  assessor  of  an  assessing  unit
   13  containing  a  nuclear powered electric generating facility, the commis-
   14  sioner shall provide an advisory appraisal of such facility for  use  on
   15  the  municipal  assessment  roll  with a taxable status date on or after
   16  January first, two thousand [sixteen] THIRTY-ONE.
   17    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13659-02-4