Bill Text: NY A00357 | 2009-2010 | General Assembly | Introduced

New York Assembly Bill 357 (Prior Session Legislation)

Introduced

Bill Title: An act to amend the real property tax law, in relation to state aid for certain cities adversely affected by a concentration of tax exempt property

Spectrum: Partisan Bill (Democrat 12-0)

Status: (Introduced - Dead) 2010-01-06 - referred to real property taxation [A00357 Detail]

Download: New_York-2009-A00357-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          357
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced by M. of A. MAGNARELLI, HOYT, GUNTHER, CHRISTENSEN, DelMONTE,
         PEOPLES,  KOON,  LUPARDO,  STIRPE  --  Multi-Sponsored  by -- M. of A.
         HIKIND, KELLNER, LATIMER -- read once and referred to the Committee on
         Real Property Taxation
       AN ACT to amend the real property tax law, in relation to state aid  for
         certain  cities  adversely  affected  by a concentration of tax exempt
         property
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  real  property  tax  law  is amended by adding a new
    2  section 532-a to read as follows:
    3    S 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY CITY  WITH  A
    4  POPULATION  OF  LESS THAN ONE MILLION AND A POPULATION OF FORTY THOUSAND
    5  OR MORE AND IN WHICH THE TOTAL AMOUNT OF TAX EXEMPT PROPERTY  REPRESENTS
    6  MORE THAN THIRTY-FIVE PERCENT, BY VALUE, OF THE TOTAL AMOUNT OF PROPERTY
    7  IN  SUCH CITY, THE STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRI-
    8  ATION, AS FOLLOWS:
    9    1. FIFTY PERCENT OF SUCH SUM SHALL BE PAID TO EACH  ELIGIBLE  CITY  IN
   10  PROPORTION  TO  SUCH CITY'S POPULATION RELATIVE TO THE POPULATION OF ALL
   11  ELIGIBLE CITIES; AND
   12    2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE  OF  TAX
   13  EXEMPT  PROPERTY  IN  EACH ELIGIBLE CITY AS A PERCENTAGE OF THE VALUE OF
   14  ALL TAX EXEMPT PROPERTY IN ALL ELIGIBLE CITIES.
   15    S 2. This act shall take effect immediately and shall apply to assess-
   16  ment rolls prepared on the basis of taxable status  dates  occurring  on
   17  and after the date on which this act shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00615-01-9