Bill Text: NY A01567 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to payments in lieu of taxes.

Spectrum: Moderate Partisan Bill (Democrat 12-3)

Status: (Vetoed) 2023-12-22 - tabled [A01567 Detail]

Download: New_York-2023-A01567-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1567

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 17, 2023
                                       ___________

        Introduced by M. of A. McDONALD -- read once and referred to the Commit-
          tee on Local Governments

        AN  ACT  to  amend  the  general municipal law and the education law, in
          relation to payments in lieu of taxes

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

     1    Section  1.  Subparagraph  (i)  of  paragraph  (b) of subdivision 3 of
     2  section 3-c of the general municipal law, as amended  by  section  2  of
     3  subpart  C  of  part  C of chapter 20 of the laws of 2015, is amended to
     4  read as follows:
     5    (i) The commissioner of taxation and finance shall calculate a quanti-
     6  ty change factor for each local government for the  coming  fiscal  year
     7  based upon the physical or quantity change, as defined by section twelve
     8  hundred twenty of the real property tax law, reported to the commission-
     9  er  of  taxation  and  finance  by the assessor or assessors pursuant to
    10  section five hundred seventy-five of the  real  property  tax  law.  The
    11  quantity change factor shall show the percentage by which the full value
    12  of  the taxable real property in the local government has changed due to
    13  physical or quantity change between the second final assessment roll  or
    14  rolls  preceding the final assessment roll or rolls upon which taxes are
    15  to be levied, and the final assessment roll or rolls immediately preced-
    16  ing the final assessment roll or  rolls  upon  which  taxes  are  to  be
    17  levied[. The commissioner of taxation and finance shall, as appropriate,
    18  promulgate  rules and regulations regarding the calculation of the quan-
    19  tity change factor which may adjust the calculation based on the  devel-
    20  opment  on  tax  exempt  land], and shall include the change in assessed
    21  value for each property on the exempt side of  the  tax  rolls  under  a
    22  payment in lieu of tax agreement.
    23    § 2. Paragraph b of subdivision 2-a of section 2023-a of the education
    24  law, as amended by section 3 of subpart C of part C of chapter 20 of the
    25  laws of 2015, is amended to read as follows:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02678-01-3
        A. 1567                             2

     1    b. The commissioner of taxation and finance shall calculate a quantity
     2  change  factor for the coming school year for each school district based
     3  upon the physical or quantity  change,  as  defined  by  section  twelve
     4  hundred twenty of the real property tax law, reported to the commission-
     5  er  of  taxation  and  finance  by the assessor or assessors pursuant to
     6  section five hundred seventy-five of the  real  property  tax  law.  The
     7  quantity change factor shall show the percentage by which the full value
     8  of  the  taxable real property in the school district has changed due to
     9  physical or quantity change between the second final assessment roll  or
    10  rolls  preceding the final assessment roll or rolls upon which taxes are
    11  to be levied, and the final assessment roll or rolls immediately preced-
    12  ing the final assessment roll or  rolls  upon  which  taxes  are  to  be
    13  levied[. The commissioner of taxation and finance shall, as appropriate,
    14  promulgate  rules and regulations regarding the calculation of the quan-
    15  tity change factor which may adjust the calculation based on the  devel-
    16  opment  on  tax  exempt  land], and shall include the change in assessed
    17  value for each property on the exempt side of  the  tax  rolls  under  a
    18  payment in lieu of tax agreement.
    19    § 3. This act shall take effect on the one hundred twentieth day after
    20  it shall have become a law.  Effective immediately, the addition, amend-
    21  ment and/or repeal of any rule or regulation necessary for the implemen-
    22  tation  of  this act on its effective date are authorized to be made and
    23  completed on or before such effective date.