STATE OF NEW YORK
        ________________________________________________________________________

                                          2670

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 26, 2023
                                       ___________

        Introduced  by  M.  of  A.  BLUMENCRANZ -- read once and referred to the
          Committee on Ways and Means

        AN ACT in relation to a study to document  the  fiscal  implications  of
          repealing section 2 of chapter 851 of the laws of 1948

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Legislative intent. The legislature recognizes the need  to
     2  examine  Nassau County's real property tax assessment process in accord-
     3  ance with current law. Annually, Nassau County  handles  the  assessment
     4  process  and  are  therefore  liable for grievances. This has led to the
     5  County owing a significant amount of funding from those grievances. This
     6  is commonly referred to  as  the  County  Guaranty  and  was  originally
     7  authorized  by the state in a time when rising property values and taxes
     8  were not an issue. This bill is designed to call on  the  department  of
     9  taxation  and  finance  to study the current real property tax system in
    10  Nassau County. The intent would be to determine whether  or  not  giving
    11  the  assessing  authority  and  grievance responsibility to local taxing
    12  jurisdictions within the County is more feasible.
    13    § 2. The New York state department of taxation and finance  is  hereby
    14  authorized and directed to conduct a comprehensive study documenting the
    15  fiscal  implications of shifting assessment responsibilities from Nassau
    16  County, as authorized by chapter 879 of the laws of 1936  and  repealing
    17  section  2 of chapter 851 of the laws of 1948.  Such fiscal implications
    18  shall include, but not be limited to, the direct financial  impact  such
    19  shift  and  repeal will have on towns in such county. The results of the
    20  study shall be published no later than one year following the  effective
    21  date of this act. A copy of the results of such study shall be submitted
    22  to  the governor, the temporary president of the senate, and the speaker
    23  of the assembly.
    24    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06908-01-3