NY S00950 | 2021-2022 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 6 2021 - 25% progression, died in committee
Action: 2022-01-05 - REFERRED TO LOCAL GOVERNMENT
Pending: Senate Local Government Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 6 2021 - 25% progression, died in committee
Action: 2022-01-05 - REFERRED TO LOCAL GOVERNMENT
Pending: Senate Local Government Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Relates to reductions of payments in lieu of taxes; provides that where such payment agreement is to be reduced due to a reassessment of the parcel of real property such agreement is related to, such reduction shall be phased in over 10 years if the reduction would negatively affect the revenues of a local government by more than 5%.
Title
Relates to reductions of payments in lieu of taxes; provides that where such payment agreement is to be reduced due to a reassessment of the parcel of real property such agreement is related to, such reduction shall be phased in over 10 years if the reduction would negatively affect the revenues of a local government by more than 5%.
Sponsors
Roll Calls
2021-05-10 - Senate - Senate Local Government Committee Vote (Y: 5 N: 2 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-05 | Senate | REFERRED TO LOCAL GOVERNMENT |
| 2021-05-10 | Senate | REPORTED AND COMMITTED TO FINANCE |
| 2021-01-06 | Senate | REFERRED TO LOCAL GOVERNMENT |
Same As/Similar To
A06050 (Same As) 2022-01-05 - referred to real property taxation
