Bill Text: NY S02122 | 2017-2018 | General Assembly | Amended
Bill Title: Relates to payments in lieu of taxes; improves how payments in lieu of taxes are collected.
Spectrum: Moderate Partisan Bill (Republican 8-2)
Status: (Introduced - Dead) 2017-06-21 - SUBSTITUTED BY A1841A [S02122 Detail]
Download: New_York-2017-S02122-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 2122--A 2017-2018 Regular Sessions IN SENATE January 12, 2017 ___________ Introduced by Sens. O'MARA, CARLUCCI, FUNKE, GALLIVAN, LATIMER, MARCHIONE, ORTT, RANZENHOFER, RITCHIE, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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,18promulgate rules and regulations regarding the calculation of the quan-19tity change factor which may adjust the calculation based on the devel-20opment 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. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00937-03-7S. 2122--A 2 1 § 2. Paragraph b of subdivision 2-a of section 2023-a of the education 2 law, as amended by section 3 of subpart C of part C of chapter 20 of the 3 laws of 2015, is amended to read as follows: 4 b. The commissioner of taxation and finance shall calculate a quantity 5 change factor for the coming school year for each school district based 6 upon the physical or quantity change, as defined by section twelve 7 hundred twenty of the real property tax law, reported to the commission- 8 er of taxation and finance by the assessor or assessors pursuant to 9 section five hundred seventy-five of the real property tax law. The 10 quantity change factor shall show the percentage by which the full value 11 of the taxable real property in the school district has changed due to 12 physical or quantity change between the second final assessment roll or 13 rolls preceding the final assessment roll or rolls upon which taxes are 14 to be levied, and the final assessment roll or rolls immediately preced- 15 ing the final assessment roll or rolls upon which taxes are to be 16 levied[. The commissioner of taxation and finance shall, as appropriate,17promulgate rules and regulations regarding the calculation of the quan-18tity change factor which may adjust the calculation based on the devel-19opment on tax exempt land], and shall include the change in assessed 20 value for each property on the exempt side of the tax rolls under a 21 payment in lieu of tax agreement. 22 § 3. This act shall take effect on the one hundred twentieth day after 23 it shall have become a law, provided, however, that the amendments to 24 section 3-c of the general municipal law and section 2023-a of the 25 education law made by sections one and two of this act, respectively, 26 shall not affect the repeal of such sections and shall be deemed 27 repealed therewith. Effective immediately, the addition, amendment 28 and/or repeal of any rules or regulations necessary for the implementa- 29 tion of this act on its effective date are authorized to be made on or 30 before such effective date.
