Bill Text: NY S04605 | 2013-2014 | General Assembly | Introduced
Bill Title: Relates to state aid for certain towns adversely affected by a concentration of tax exempt property.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-01-08 - REFERRED TO LOCAL GOVERNMENT [S04605 Detail]
Download: New_York-2013-S04605-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 4605 2013-2014 Regular Sessions I N S E N A T E April 15, 2013 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government 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 S 532-A. CERTAIN LANDS SUBJECT TO STATE PAYMENTS. IN ANY TOWN IN WHICH 4 THE TOTAL AMOUNT OF TAX EXEMPT PROPERTY REPRESENTS MORE THAN THIRTY-FIVE 5 PERCENT, BY VALUE, OF THE TOTAL AMOUNT OF PROPERTY IN SUCH TOWN, THE 6 STATE SHALL PAY A SUM, SUBJECT TO BUDGETARY APPROPRIATION, AS FOLLOWS: 7 1. FIFTY PERCENT OF SUCH SUM SHALL BE PAID TO EACH ELIGIBLE TOWN IN 8 PROPORTION TO SUCH TOWN'S POPULATION RELATIVE TO THE POPULATION OF ALL 9 ELIGIBLE TOWNS; AND 10 2. FIFTY PERCENT OF SUCH SUM SHALL BE PAID BASED ON THE VALUE OF TAX 11 EXEMPT PROPERTY IN EACH ELIGIBLE TOWN AS A PERCENTAGE OF THE VALUE OF 12 ALL TAX EXEMPT PROPERTY IN ALL ELIGIBLE TOWNS. 13 S 2. This act shall take effect immediately and shall apply to assess- 14 ment rolls prepared on the basis of taxable status dates occurring on 15 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. LBD02379-01-3