Bill Text: NY A06628 | 2023-2024 | General Assembly | Introduced

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Bill Title: Provides that a payment in lieu of taxes shall be equal to no more than two percent of the increase in total tax rate for the current tax year over the total tax rate of the prior tax year, if any, based upon the assessed value as reflected on the final assessment roll of the current tax year.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to corporations, authorities and commissions [A06628 Detail]

Download: New_York-2023-A06628-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6628

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     April 25, 2023
                                       ___________

        Introduced by M. of A. THIELE -- read once and referred to the Committee
          on Corporations, Authorities and Commissions

        AN  ACT  to  amend  the  public  authorities law, in relation to certain
          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.  Subdivision 1 of section 1020-q of the public authorities
     2  law, as amended by section 8 of part A of chapter 173  of  the  laws  of
     3  2013, is amended to read as follows:
     4    1.  Each year after property theretofore owned by LILCO is acquired by
     5  the authority by any means authorized by this title  and,  as  a  conse-
     6  quence,  is [removed from the tax rolls] set forth on roll section eight
     7  or otherwise coded as exempt on roll sections five and six  of  a  final
     8  assessment  roll,  the authority shall make payments in lieu of taxes in
     9  accordance with the provisions of this  section  to  municipalities  and
    10  school  districts  equal  to  the taxes and assessments which would have
    11  been received from year to year by each such jurisdiction if such acqui-
    12  sition had not occurred, provided, however, that for the [calendar]  tax
    13  year  starting on or after January first, two thousand [fifteen] twenty-
    14  one, and for each [calendar] tax year thereafter, such payments in  lieu
    15  of  taxes  shall  [not  exceed  the in lieu of tax payments made to such
    16  municipalities and school districts in the immediately preceding year by
    17  more than two percent] equal to no more than two percent of the increase
    18  in total tax rate for the current tax year over the total  tax  rate  of
    19  the  prior  tax year, if any, based upon the assessed value as reflected
    20  on the final assessment roll of the current tax year. In Suffolk county,
    21  notwithstanding any other provisions of law to the  contrary,  including
    22  the  Suffolk  County  Tax Act, each town shall prepare and forward PILOT
    23  statements to LIPA, and shall also collect and distribute  all  payments
    24  in lieu of tax from LIPA as if such payments were taxes.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10804-01-3
        A. 6628                             2

     1    § 2. Subdivision 2 of section 1020-p of the public authorities law, as
     2  added by chapter 517 of the laws of 1986, is amended to read as follows:
     3    2.  The  authority  shall  be required to pay no taxes nor assessments
     4  upon any of the property acquired or controlled by it or upon its activ-
     5  ities in the operation and maintenance thereof or  upon  income  derived
     6  therefrom, provided that nothing herein shall prevent the authority from
     7  entering  into  agreements  to  make  payments in lieu of taxes with the
     8  governing bodies of municipalities, as provided for in section one thou-
     9  sand twenty-q of this title. However, in Suffolk county,  the  authority
    10  shall  enter  into  written  agreements with each town on its behalf and
    11  that of the taxing jurisdictions therein, to make payments  in  lieu  of
    12  taxes as provided for in section one thousand twenty-q of this title.
    13    § 3. This act shall take effect immediately.