Bill Text: NY A04777 | 2019-2020 | General Assembly | Amended

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Bill Title: Authorizes and directs the department of taxation and finance to conduct a study documenting the fiscal implications on towns in Nassau county if section 2 of chapter 851 of the laws of 1948 were repealed.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2020-07-17 - held for consideration in ways and means [A04777 Detail]

Download: New_York-2019-A04777-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         4777--A
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 5, 2019
                                       ___________
        Introduced  by  M.  of  A.  MONTESANO  -- Multi-Sponsored by -- M. of A.
          DeSTEFANO -- read once and referred to the Committee on Ways and Means
          -- committee discharged, bill amended, ordered  reprinted  as  amended
          and recommitted to said committee
        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.
                                                                   LBD07239-03-9