Bill Text: NY S08204 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to payments in lieu of taxes.

Spectrum: Bipartisan Bill

Status: (Introduced) 2024-01-12 - REFERRED TO LOCAL GOVERNMENT [S08204 Detail]

Download: New_York-2023-S08204-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8204

                    IN SENATE

                                    January 12, 2024
                                       ___________

        Introduced  by Sens. COONEY, KENNEDY, MARTINS, MAY, O'MARA, RHOADS, WEBB
          -- 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,
    18  promulgate rules and regulations regarding the calculation of the  quan-
    19  tity  change factor which may adjust the calculation based on the devel-
    20  opment 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

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02678-01-3
        S. 8204                             2

     1  upon  the  physical  or  quantity  change,  as defined by section twelve
     2  hundred twenty of the real property tax law, reported to the commission-
     3  er of taxation and finance by the  assessor  or  assessors  pursuant  to
     4  section  five  hundred  seventy-five  of  the real property tax law. The
     5  quantity change factor shall show the percentage by which the full value
     6  of the taxable real property in the school district has changed  due  to
     7  physical  or quantity change between the second final assessment roll or
     8  rolls preceding the final assessment roll or rolls upon which taxes  are
     9  to be levied, and the final assessment roll or rolls immediately preced-
    10  ing  the  final  assessment  roll  or  rolls  upon which taxes are to be
    11  levied[. The commissioner of taxation and finance shall, as appropriate,
    12  promulgate rules and regulations regarding the calculation of the  quan-
    13  tity  change factor which may adjust the calculation based on the devel-
    14  opment on tax exempt land], and shall include  the  change  in  assessed
    15  value  for  each  property  on  the exempt side of the tax rolls under a
    16  payment in lieu of tax agreement.
    17    § 3. This act shall take effect on the one hundred twentieth day after
    18  it shall have become a law.  Effective immediately, the addition, amend-
    19  ment and/or repeal of any rule or regulation necessary for the implemen-
    20  tation of this act on its effective date are authorized to be  made  and
    21  completed on or before such effective date.