Bill Text: NY A09546 | 2015-2016 | General Assembly | Amended

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Bill Title: Relates to changes in assessment for businesses that make payments in lieu of taxes; establishes that any reduction in school taxes shall not take effect until the following taxable status year.

Spectrum: Slight Partisan Bill (Democrat 15-7)

Status: (Introduced - Dead) 2016-06-06 - reported referred to ways and means [A09546 Detail]

Download: New_York-2015-A09546-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         9546--A
                   IN ASSEMBLY
                                     March 16, 2016
                                       ___________
        Introduced  by  M.  of  A. BUCHWALD, CAHILL, COOK, FAHY, HOOPER, PAULIN,
          RICHARDSON, SKOUFIS, MONTESANO,  MURRAY,  RA,  RAIA,  GALEF,  WOERNER,
          LAVINE,  LALOR,  OTIS, STECK -- Multi-Sponsored by -- M. of A. DUPREY,
          ENGLEBRIGHT, GIGLIO, THIELE -- read once and referred to the Committee
          on Real Property  Taxation  --  committee  discharged,  bill  amended,
          ordered reprinted as amended and recommitted to said committee
        AN  ACT  to  amend  the real property tax law, in relation to changes in
          assessment for businesses that make 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.  The  real  property  tax  law  is amended by adding a new
     2  section 561 to read as follows:
     3    § 561. Payments in lieu of  taxes;  change  of  assessment;  effective
     4  date.    Notwithstanding  any  other provision of law, when a payment in
     5  lieu of taxes property assessment is challenged  through  the  grievance
     6  process,  any  reduction  in school taxes that is awarded shall not take
     7  effect until the following taxable status year.
     8    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02490-02-6