NY A02585 | 2019-2020 | General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Authorizes funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements resulting in loss of tax revenues or increased tax levies of over twenty percent or in regards to a settlement agreement, a reduction in real property taxes or a payment in lieu of taxes of at least twenty percent in the aggregate over the term of such settlement agreement; and permits the establishment of tax certiorari stabilization reserve funds.
Title
Authorizes funds to municipalities from the UDC in the case of certain tax certiorari challenges or agreed upon settlements resulting in loss of tax revenues or increased tax levies of over twenty percent or in regards to a settlement agreement, a reduction in real property taxes or a payment in lieu of taxes of at least twenty percent in the aggregate over the term of such settlement agreement; and permits the establishment of tax certiorari stabilization reserve funds.
Sponsors
Asm. Charles Lavine [D] | Asm. Steven Englebright [D] | Asm. Anthony D'Urso [D] | Asm. Andrew Raia [R] |
Asm. Michael Montesano [R] | Asm. Edward Ra [R] | Asm. Melissa Miller [R] | Asm. Steve Stern [D] |
History
Date | Chamber | Action |
---|---|---|
2020-01-08 | Assembly | referred to ways and means |
2019-01-24 | Assembly | referred to ways and means |
Same As/Similar To
S02852 (Same As) 2020-01-08 - REFERRED TO FINANCE