Bill Text: NY A01032 | 2021-2022 | General Assembly | Introduced

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Bill Title: Adjusts the format for exemption reports prepared for local municipalities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A01032 Detail]

Download: New_York-2021-A01032-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1032

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                     January 7, 2021
                                       ___________

        Introduced by M. of A. CAHILL -- read once and referred to the Committee
          on Real Property Taxation

        AN  ACT  to amend the real property tax law, in relation to the prepara-
          tion of exemption reports for local municipalities

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivisions  1 and 2 of section 495 of the real property
     2  tax law, as added by chapter 258 of the laws of 2008, and subdivision  1
     3  as  further amended by subdivision (b) of section 1 of part W of chapter
     4  56 of the laws of 2010, are amended to read as follows:
     5    1. Whenever a county,  city,  town,  village  or  school  district  is
     6  required to prepare an annual budget, the official required to prepare a
     7  tentative  or  preliminary version of that budget shall [annex thereto],
     8  in addition, prepare an exemption report. This report  shall  be  [on  a
     9  form  prescribed  by  the  commissioner  and] organized in accord with a
    10  template and within categories provided by the commissioner,  specifying
    11  groups  of persons or institutions benefited by any exemption created by
    12  statutory or constitutional provision, and shall be linked by  reference
    13  to  related  programs or categories in the budget of the local jurisdic-
    14  tion for that year. Such report shall show [how much of the  total]  the
    15  presence or absence of local choice in granting the exemption, and spec-
    16  ify  by  category  and  in  total the assessed value that is exempt from
    17  taxation on the final assessment roll or rolls used  in  that  budgetary
    18  process  [is  exempt from taxation. This report shall list every type of
    19  exemption granted, identified by statutory authority, and shall show (a)
    20  the cumulative impact of each type of exemption expressed  either  as  a
    21  dollar amount of assessed value or as a percentage of the total assessed
    22  value  on  the  roll,  (b)], the percentage that each category of exempt
    23  property comprises of the total assessment roll, the net revenue forgone
    24  as a result of each category of exemption and in total, and  the  effect
    25  on  the local tax obligation for a single family residential property of

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01299-01-1
        A. 1032                             2

     1  average value in the jurisdiction if  the  category  of  exemption  were
     2  removed,  calculated on the basis of the amount to be raised by taxation
     3  and tax rate or rates adopted by the jurisdiction's governing board  for
     4  use  in  funding the annual budget, and taking account of the cumulative
     5  amount expected to be received from recipients of each type of exemption
     6  as payments in lieu of taxes or other payments for municipal  services[,
     7  and  (c) the cumulative impact of all exemptions granted].  [Exemptions]
     8  Exemption categories that result in an impact of less than  one  percent
     9  on the final assessment roll may be aggregated as a single entry.  In no
    10  case shall an individual exemption recipient be named in the report.
    11    2. Notice of this report shall be included [in] with any notice of the
    12  preparation of the budget otherwise required by law. The report shall be
    13  separately  posted  on  any  bulletin  board maintained by the budgeting
    14  authority for public notices and on any website maintained by the  budg-
    15  eting  authority.    This report shall be [annexed to] released with any
    16  tentative or preliminary budget and [shall become  part  of]  the  final
    17  budget.
    18    § 2. This act shall take effect immediately.