Bill Text: NY S08062 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to payments in lieu of taxes; improves how payments in lieu of taxes are collected.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2018-03-23 - REFERRED TO LOCAL GOVERNMENT [S08062 Detail]
Download: New_York-2017-S08062-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8062 IN SENATE March 23, 2018 ___________ Introduced by Sen. 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,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. 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: 26 b. The commissioner of taxation and finance shall calculate a quantity 27 change factor for the coming school year for each school district based 28 upon the physical or quantity change, as defined by section twelve EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00937-05-8S. 8062 2 1 hundred twenty of the real property tax law, reported to the commission- 2 er of taxation and finance by the assessor or assessors pursuant to 3 section five hundred seventy-five of the real property tax law. The 4 quantity change factor shall show the percentage by which the full value 5 of the taxable real property in the school district has changed due to 6 physical or quantity change between the second final assessment roll or 7 rolls preceding the final assessment roll or rolls upon which taxes are 8 to be levied, and the final assessment roll or rolls immediately preced- 9 ing the final assessment roll or rolls upon which taxes are to be 10 levied[. The commissioner of taxation and finance shall, as appropriate,11promulgate rules and regulations regarding the calculation of the quan-12tity change factor which may adjust the calculation based on the devel-13opment on tax exempt land], and shall include the change in assessed 14 value for each property on the exempt side of the tax rolls under a 15 payment in lieu of tax agreement. 16 § 3. This act shall take effect on the one hundred twentieth day after 17 it shall have become a law, provided, however, that the amendments to 18 section 3-c of the general municipal law and section 2023-a of the 19 education law made by sections one and two of this act, respectively, 20 shall not affect the repeal of such sections and shall be deemed 21 repealed therewith. Effective immediately, the addition, amendment 22 and/or repeal of any rules or regulations necessary for the implementa- 23 tion of this act on its effective date are authorized to be made on or 24 before such effective date.