Bill Text: NY A10080 | 2017-2018 | General Assembly | Introduced

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Bill Title: Removes the requirement that payments in lieu of taxes not exceed the in lieu of tax payments made to a municipality or school district in the immediately preceding year by more than two percent.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-03-14 - referred to corporations, authorities and commissions [A10080 Detail]

Download: New_York-2017-A10080-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10080
                   IN ASSEMBLY
                                     March 14, 2018
                                       ___________
        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 the two
          percent cap on payments is in lieu of taxes paid to municipalities and
          school districts
          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, the authority shall make payments
     7  in  lieu  of  taxes  to municipalities and school districts equal to the
     8  taxes and assessments which would have been received from year  to  year
     9  by  each  such  jurisdiction  if  such  acquisition  had  not occurred[,
    10  provided, however, that for the calendar year starting on January first,
    11  two thousand fifteen,  and  for  each  calendar  year  thereafter,  such
    12  payments  in  lieu of taxes shall not exceed the in lieu of tax payments
    13  made to such municipalities and  school  districts  in  the  immediately
    14  preceding year by more than two percent].
    15    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15020-01-8