Bill Text: NY S01045 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to payments in lieu of taxes.

Spectrum: Bipartisan Bill

Status: (Introduced) 2023-06-09 - SUBSTITUTED BY A1567 [S01045 Detail]

Download: New_York-2023-S01045-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1045

                               2023-2024 Regular Sessions

                    IN SENATE

                                     January 9, 2023
                                       ___________

        Introduced  by  Sens.  COONEY, O'MARA -- read twice and ordered printed,
          and when printed to be committed to the Committee on Local Government

        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
        S. 1045                             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.