Bill Text: NY A04303 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Provides for state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property.

Spectrum: Bipartisan Bill

Status: (Introduced) 2024-01-03 - referred to real property taxation [A04303 Detail]

Download: New_York-2023-A04303-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          4303

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 14, 2023
                                       ___________

        Introduced by M. of A. GUNTHER, BARRETT, LUPARDO, SANTABARBARA, BLANKEN-
          BUSH,  BARCLAY,  BRABENEC,  LEMONDES  -- 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  towns  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    § 532-a. Certain lands subject to state payments. In any  city,  town,
     4  village or fire district in which the total amount of tax exempt proper-
     5  ty  represents  more  than  thirty-five  percent, by value, of the total
     6  amount of property in such city, town, village  or  fire  district,  the
     7  state shall pay a sum, subject to budgetary appropriation, as follows:
     8    1.  Fifty  percent  of  such  sum shall be paid to each eligible city,
     9  town, village or fire district in proportion to such entity's population
    10  relative to the population of all such eligible entities; and
    11    2. Fifty percent of such sum shall be paid based on the value  of  tax
    12  exempt property in each eligible city, town, village or fire district as
    13  a  percentage of the value of all tax exempt property in all such eligi-
    14  ble entities.
    15    § 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.
                                                                   LBD09051-01-3