NY S02852 | 2019-2020 | General Assembly
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO FINANCE
Pending: Senate Finance Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO FINANCE
Pending: Senate Finance Committee
Text: Latest bill text (Amended) [HTML]
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.
Title
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-08 | Senate | REFERRED TO FINANCE |
| 2019-03-26 | Senate | PRINT NUMBER 2852A |
| 2019-03-26 | Senate | AMEND AND RECOMMIT TO FINANCE |
| 2019-01-30 | Senate | REFERRED TO FINANCE |
Same As/Similar To
A02585 (Same As) 2020-01-08 - referred to ways and means
