Bill Text: NY S04605 | 2013-2014 | General Assembly | Introduced

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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

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                           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