Bill Text: NY A00218 | 2019-2020 | General Assembly | Introduced


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: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2019-02-27 - reported referred to ways and means [A00218 Detail]

Download: New_York-2019-A00218-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                           218
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                       (Prefiled)
                                     January 9, 2019
                                       ___________
        Introduced  by  M. of A. PAULIN, GALEF, STIRPE -- read once and referred
          to the Committee on Real Property Taxation
        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, for  any  payment  in
     5  lieu  of  taxes agreement entered into on or after the effective date of
     6  this section, when the assessment of a property making payments in  lieu
     7  of  taxes  is challenged through the grievance process, any reduction in
     8  payments in lieu of taxes made to a school district resulting from  such
     9  challenge shall not take effect until the following taxable status year.
    10    §  2.  This  act  shall take effect on the sixtieth day after it shall
    11  have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01789-01-9
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