Bill Text: NY A05219 | 2021-2022 | General Assembly | Introduced

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

Spectrum: Slight Partisan Bill (Republican 7-4)

Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A05219 Detail]

Download: New_York-2021-A05219-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5219

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 12, 2021
                                       ___________

        Introduced by M. of A. GUNTHER, BARRETT, LUPARDO, SANTABARBARA, BLANKEN-
          BUSH,   BARCLAY,   BRABENEC   --   Multi-Sponsored  by  --  M.  of  A.
          J. M. GIGLIO, HAWLEY, McDONOUGH --  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.
                                                                   LBD02432-01-1